AMEX ZYNC CARD

[smc733]

I do not carry an Amex because they are not worth this.

[Creditaddict]

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@Anonymous wrote:

no same thing. No balances. 1 new credit card, but the income they said that annuities does not count!

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That doesn't make since to me... after the age of 65 when you retire, you can no longer carry an Amex if they decide to FR you because they won't count retirement income? why does that not count as income!

[Anonymous]

They said they have to show on the income tax i told them well it tax free i can show u paper work or u can call to verify she said no! :/

[TheCreditKid]

Here is the backdoor # 800-874-2717 .

Good Luck mate.

[JayRizzo]

Here's my take on credit and lenders...  If you need to call a backdoor number because you're borderline or system-declined, then you should not be asking for someone to review to get your foot in the door -- I, personally, would work on whatever is keeping me borderline.  THEN, when something bad happens to the account everyone seems Shocked & Surprised as if they didn't know this type of thing happens.  Remember, you were borderline from the start.

In this case, it was a FR and some customers may slip through the cracks, but when 2 or more forum members state the account will be closed from their past experiences -- you better brace yourself for the closure.  I have no idea why some members that may have slipped through the cracks will come to the forum and deny that anything negative will ever happen.  I'm just sitting back and shaking my head at this forum.

My 2.5, 3 cents worth

[vish1]

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@JayRizzo wrote:

Here's my take on credit and lenders...  If you need to call a backdoor number because you're borderline or system-declined, then you should not be asking for someone to review to get your foot in the door -- I, personally, would work on whatever is keeping me borderline.  THEN, when something bad happens to the account everyone seems Shocked & Surprised as if they didn't know this type of thing happens.  Remember, you were borderline from the start.

In this case, it was a FR and some customers may slip through the cracks, but when 2 or more forum members state the account will be closed from their past experiences -- you better brace yourself for the closure.  I have no idea why some members that may have slipped through the cracks will come to the forum and deny that anything negative will ever happen.  I'm just sitting back and shaking my head at this forum.

My 2.5, 3 cents worth

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+1

I agree with Jayrizzo though I will say that there may be some cases where backdoor may be fair, say you got a system decline coz of a stupid algo which calculated all your Visa sig/Worlc MC (one of the forum user had this problem where he had a visa sig and 1 more card and his util was 400% as visa sig wont report any limits, though he still got denied).

In this particular case, IMO Amex did what was absolutely the right thing to do. I agree Amex values relationships, but you don't build relationships on lies. In this case the difference between the truth and reported income was too huge. I am sorry if you find it harsh, but I strongly believe that Amex did the right thing.

[JayRizzo]

+100

[chan85]

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@Anonymous wrote:

So I went to make a purchased and was DECLINED on my AMEX ZYNC CARD today! I got this card like a week ago I put around $1100 on the card in a week, SO i called in to see what was going on.. they said that my acct went into credit verification dept, and wantred to verify my employment income i had to fax over my taxes of last year, i put i make $46,000 but in reality i make $22,000 and some annuity which makes up for it. Has this happen to anyone else? are they going to close my card down?

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I had the same thing happen to me when I had a Green Card a few years ago, when I was racking up big charges in a short time frame. They were basically concerned that I wouldn't be able to pay it all back when the bill came in (they were correct lol).  They eventually put a cap on the card and I wasn't allowed to spend more than I think around $1100 in a month. Long story short, they eventually shut my card down because I wasn't paying in full each month (stupidity of youth).

I just got approved for the Zync card Friday and this time around I plan to only put monthly expenses on it that can be paid off each month, and I will use one of my other rewards cards for things that I may want to spread out the payments on.

[ficonightmare]

Sorry to hear this happened to you and to honest, It irks me to no end that after approving someone for credit, a CC  decides to do an FR.

Personally, I think all banks should verify income and employment prior to approval. And for one income households, I don't believe there's anything wrong with asking for your returns. First, because anyone can put any income they want. So if your CL is partly based on that, it's pretty idiotic not to verify.

But, for a bank to get squirmy based on your spending is ridiculous. THEY APPROVED YOU. As long as you're making payments, they should just sit back and shut up.

Vent over.

[danisgods]

Just tget another card, amex arent worth the hastle....