Author Topic: Amex F/R Master Thread (Read 1856775 times)

Monsey · « **Reply #280 on:** April 03, 2011, 07:28:10 PM »

Quote from: rosie5442 on April 03, 2011, 07:10:17 PM

instead ogf going thru the review what if you just cancel the cards. Does that have any effect on your credit or credit report?

if you close your accounts then in order to apply for another amex in the future you will have to go through a f/r when applying so it might be worth it to send in your forms and just tell them that if they are going to close your account to tell you first and let you close it yourself. Good luck

YudiG · « **Reply #281 on:** April 04, 2011, 11:14:14 PM »

oi oi oi

i opened an amex pat, amex gold and starwood for my wife and tried buying $1k in us mint coins and got an F/R....the amex man didn't seem to happy...they want the tax form but as we weren't married her stated IRS income of $8k is nowhere near the 6 digits it is now...

does it just make sense to cancel all the cards now and not bother sending in the form? will they really give us the chance to cancel the cards first in the event they decide to close all accounts? what will be worse for her credit?

oy eibishter!!

Dan · « **Reply #282 on:** April 04, 2011, 11:42:21 PM »

Quote from: YudiG on April 04, 2011, 11:14:14 PM

oi oi oi

i opened an amex pat, amex gold and starwood for my wife and tried buying $1k in us mint coins and got an F/R....the amex man didn't seem to happy...they want the tax form but as we weren't married her stated IRS income of $8k is nowhere near the 6 digits it is now...

does it just make sense to cancel all the cards now and not bother sending in the form? will they really give us the chance to cancel the cards first in the event they decide to close all accounts? what will be worse for her credit?

oy eibishter!!

So was opening 3 cards at the same time the trigger or the coins? Hmm...

When will you file your taxes?

myb821 · « **Reply #283 on:** April 04, 2011, 11:43:50 PM »

Quote from: Dan on April 04, 2011, 11:42:21 PM

So was opening 3 cards at the same time the trigger or the coins? Hmm...

When will you file your taxes?

i really hope it was the coins $:-\$

Dan · « **Reply #284 on:** April 04, 2011, 11:50:27 PM »

Quote from: myb821 on April 04, 2011, 11:43:50 PM

i really hope it was the coins $:-\$

I think either are F/R triggers. The combo of a trip-app and coins though is definitely a no-no IMHO. I don't think an AMEX trip-app is safe unless unless you have an income.

myb821 · « **Reply #285 on:** April 04, 2011, 11:52:52 PM »

Quote from: Dan on April 04, 2011, 11:50:27 PM

I think either are F/R triggers. The combo of a trip-app and coins though is definitely a no-no IMHO. I don't think an AMEX trip-app is safe unless unless you have an income.

as i said in another thread I am a student supported my rents and inlaws if they give a set amount of each month and i put that amount as my income do u think amex will accept that if i ever get F/Red?

myb821 · « **Reply #286 on:** April 04, 2011, 11:53:43 PM »

Quote from: Dan on April 04, 2011, 11:50:27 PM

I think either are F/R triggers. The combo of a trip-app and coins though is definitely a no-no IMHO. I don't think an AMEX trip-app is safe unless unless you have an income.

and have u never done a triple app with amex? and if not how many apps have u done in what time frame that u considered safe?

Dan · « **Reply #287 on:** April 04, 2011, 11:56:48 PM »

Quote from: myb821 on April 04, 2011, 11:52:52 PM

as i said in another thread I am a student supported my rents and inlaws if they give a set amount of each month and i put that amount as my income do u think amex will accept that if i ever get F/Red?

No idea. They might accept past bank statements in your case, but it's YMMV.

Quote from: myb821 on April 04, 2011, 11:53:43 PM

and have u never done a triple app with amex? and if not how many apps have u done in what time frame that u considered safe?

I've done a double app with AMEX, never done the trip-app.
There are no hard and fast rules, it's whatever their computer decides to flag.

myb821 · « **Reply #288 on:** April 04, 2011, 11:57:59 PM »

Quote from: Dan on April 04, 2011, 11:56:48 PM

No idea. They might accept past bank statements in your case, but it's YMMV.
I've done a double app with AMEX, never done the trip-app.
There are no hard and fast rules, it's whatever their computer decides to flag.

got it its just amazing with all ur apps and everything u have never been F/Red

AsherO · « **Reply #289 on:** April 05, 2011, 12:03:03 AM »

Quote from: myb821 on April 04, 2011, 11:57:59 PM

got it its just amazing with all ur apps and everything u have never been F/Red

Bli ayin hara.

myb821 · « **Reply #290 on:** April 05, 2011, 12:06:56 AM »

Quote from: AsherO on April 05, 2011, 12:03:03 AM

Bli ayin hara.

+10000

YudiG · « **Reply #291 on:** April 05, 2011, 12:38:36 PM »

Quote from: Dan on April 04, 2011, 11:42:21 PM

So was opening 3 cards at the same time the trigger or the coins? Hmm...

When will you file your taxes?

idk is it worth filing the form w/ amex or just canceling and waiting a while b4 trying again...they wont approve 3 accounts with only 8k in stated income will they?

oh well

Dan · « **Reply #292 on:** April 05, 2011, 12:44:03 PM »

Quote from: YudiG on April 05, 2011, 12:38:36 PM

idk is it worth filing the form w/ amex or just canceling and waiting a while b4 trying again...they wont approve 3 accounts with only 8k in stated income will they?

oh well

Can't hurt to try sending it in.
See if you can include bank statements or your parents income as part of their household, etc.

danR · « **Reply #293 on:** April 05, 2011, 01:19:33 PM »

I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts since that was the only thing they are asking me about

AsherO · « **Reply #294 on:** April 05, 2011, 01:20:30 PM »

Quote from: danR on April 05, 2011, 01:19:33 PM

I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts

+1, I'd say this is more likely than an app-trip/tripp-app (pun).

Yordai Dooma · « **Reply #295 on:** April 05, 2011, 01:36:13 PM »

Quote from: danR on April 05, 2011, 01:19:33 PM

I am in middle of an FR, I think the coins and giftcard purchases is what has flagged the accounts since that was the only thing they are asking me about

were they more concerned about the coins that the gc's? I would think they would not care so much about the gc's as they sell them on their own site and let you buy them directly with your amex card...

danR · « **Reply #296 on:** April 05, 2011, 06:01:15 PM »

Quote from: David on April 05, 2011, 01:36:13 PM

were they more concerned about the coins that the gc's? I would think they would not care so much about the gc's as they sell them on their own site and let you buy them directly with your amex card...

I bought giftcards from giftcards.com via cashback promo which is currently dead. They were more concerned about the coins, so if you are ordering coins do so with caution and I wouldn't buy more than once a month. From conversation with them today it seems like they are cracking down on coins purchases.

The reason they flagged it, is because technically it is in violation of credit card agreement to use purchases for cash to pay off your credit card. They are worried about people you don't have enough income to cover expenses and are using coin purchases to payoff balances every month and accuring points, instead of paying interest.

YudiG · « **Reply #297 on:** April 05, 2011, 08:56:13 PM »

Quote from: Dan on April 05, 2011, 12:44:03 PM

Can't hurt to try sending it in.
See if you can include bank statements or your parents income as part of their household, etc.

but if they decide to close the accounts will I even have a chance to close them down before they do to protect my credit?

AsherO · « **Reply #298 on:** April 05, 2011, 10:40:47 PM »

Quote from: YudiG on April 05, 2011, 08:56:13 PM

but if they decide to close the accounts will I even have a chance to close them down before they do to protect my credit?

I don't think so. When I got F/R'd I closed all the accounts with the smaller credit lines, I kept the one with the biggest credit line (30k) and they left it open.

YudiG · « **Reply #299 on:** April 06, 2011, 02:31:04 AM »

Quote from: AsherO on April 05, 2011, 10:40:47 PM

I don't think so. When I got F/R'd I closed all the accounts with the smaller credit lines, I kept the one with the biggest credit line (30k) and they left it open.

my wife has an amex plat, amex spg and amex gold....can she close all them down with one phone call or must she call and do each one, one at a time?

should she leave the plat open and risk it?

thanks for the help!!!!! i appreciate it

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Author Topic: Amex F/R Master Thread (Read 1856775 times)