Amex F/R Master Thread

[metziah]

Will lots of the same spending on different cards from the same bank raise a red flag?

[ual902]

Can your sister pass an FR?

Probably not..

[OscarAsher]

I got f/r in April of 2008, failed to send them my documents and was consequently shut down. Ever since then, any time I applied for an Amex card I would hit a dead end bc they kept on asking for those docs and I would not supply them with any.

Just in March I applied for the Amex Business Gold charge card and to my surprise I was accepted without any issues. Not sure if the reason they didn't ask me for any tax papers this time was bc somehow it fell off their records or because perhaps being that this was for a Business card it was on a different file.

I would like to apply now for the SPG card. Question is, will doing so, risk getting f/rd and (if not complying) cause me to lose the Gold card I already have, or perhaps if I apply for the SPG Business card they probably wont f/r me just as they didn't f/r me the last time?

[menashe04]

I have F/R on my business card. Some of my payments were from a different business account. They want from me 4506 and 3 months of statements from the accounts I made the payments from.
Will they make me an issue for the fact I paid from a different account?
and what will happen to my M/R if they close me?

[Am]

I have F/R on my business card. Some of my payments were from a different business account. They want from me 4506 and 3 months of statements from the accounts I made the payments from.
Will they make me an issue for the fact I paid from a different account?
and what will happen to my M/R if they close me?

Why not send in both accounts' statements. Is the other bank account under a different name?

[menashe04]

Why not send in both accounts' statements. Is the other bank account under a different name?

they told me specifically of which accounts they want, 2 accounts I have been paying bills from, and both those accounts aren't with my company name

[Am]

they told me specifically of which accounts they want, 2 accounts I have been paying bills from, and both those accounts aren't with my company name

maybe the business name on the bank statement is a dba of the business on the cc. Or maybe that might be digging a bigger hole...

[MosheP]

Wife and I both got FR'd today 

We filed 2012 jointly. I earned about $50,000 on W-2 last year. I am sure I will pass, I hope to avoid having my CL slashed.

I have been using both are PRG's very heavily for airline charges. The FR rep asked me about the charges, she wasn't too happy that I am using my personal card for business related charges.

Any advice or suggestions?

Regarding the above;

My wife has an SPG Biz card open. The FR rep asked a whole lot of questions regarding the Biz but never asked for any documents. The email only requested the 4506T ETC.

Are we out of the hot water regarding the biz card? Should I go ahead and close down the SPG biz preemptively? I have no real need for it besides upcoming SBS!

Will closing down one of my cards whilst under FR negatively impact my surviving the FR ( like admitting guilt)? 

[compddd]

I have F/R on my business card. Some of my payments were from a different business account. They want from me 4506 and 3 months of statements from the accounts I made the payments from.
Will they make me an issue for the fact I paid from a different account?
and what will happen to my M/R if they close me?

What do you mean by the payments were from a different business account? Like a business checking account belonging to someone else?

[joey123]

In the wiki it states, "In cases of a Financial Review after opening a Business Card, you will need proof of Business income"

How do people on DDF prove Business Income is such a scenario where they don't run real companies?

[Moshe123]

They don't.

[joey123]

@Moshe

So they need to shut down their cards?

[Am]

In the wiki it states, "In cases of a Financial Review after opening a Business Card, you will need proof of Business income"

How do people on DDF prove Business Income is such a scenario where they don't run real companies?

if your business cc is a sole p. and you have enough income on your personal tax return that will suffice

[joey123]

So if its you sign up as a sole proprietor and make the income that you actually claim, there is no reason that a Financial Review on a business card should scare you.

I just want to confirm this.

Thanks

[menashe04]

What do you mean by the payments were from a different business account? Like a business checking account belonging to someone else?

actually my card is on a congregation name and i paid from a bank account belonging to a different congregation.
Personally I have enough income to show, and the congregation the card is under also has. but they didn't ask me now for proof of income. they asked to see 3 months of bank statements from the accounts used for payment. So my question was if anyone knows what they will do when they will see name on bank statement different then my card name.
as far as I understand they don't like hearing that someone else used your card and thats why they're paying for it

[Shmulyg]

if your business cc is a sole p. and you have enough income on your personal tax return that will suffice

-1
Only if sole proprietor includes your name.

[Am]

-1
Only if sole proprietor includes your name.

not in my experience.

[Shmulyg]

not in my experience.

There have been many reports to that effect.

[jaywhy]

-1
Only if sole proprietor includes your name.

If your business name is "jaywhy consulting", can that pass muster or it needs to be "jaywhy sole proprietorship"?

[Am]

If I just passed an f/r and need to meet a threshold is it unsafe to amazon payments on those same cards that were f/r'd?