AMEX f/r

[afbar1114]

i am not in FR i just want  to make sure i dont trigger anything like making too many payments, going on line alot to check the bal or calling in too much...does any one know if this will hurt at all

[Anonymous]

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@afbar1114 wrote:

i am not in FR i just want  to make sure i dont trigger anything like making too many payments, going on line alot to check the bal or calling in too much...does any one know if this will hurt at all

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I dont think they would mind getting paid early, you using the card online (they get around 4%), checking your bal (did this several times a day for months due to there computers not clearing charges in the morning), or calling. 

No one knows what triggers FR but if your worried and dont want to send tax returns, you picked the wrong company.

[Ron1]

If you spend too much on your card, it might trigger F/R. I don't think making multiple payments will do.

Ron.

[afbar1114]

ok thanks i use like my debit card and use it for everything to get points

[afbar1114]

o yea i hate carrying cash

[pizzadude]

IMO the risk of AMEX FR is highly overblown.   Most of the people who get reviewed have done out of the normal things with their cards.  

Recent examples that I have seen described here at MyFICO include:

1)  Excessive patterns of repeatedly closing, opening, applying for different cards over the course of several months. 

2)  Paying yourself hundreds of dollars, or more,  every day via Paypal through your AMEX card to score excessive MR points.

3)  Extremely low incomes reported on 1040 vs what is listed as application income.....

The AMEX FR process is part of risk management strategy, and it really wouldn't make sense for them to randomly audit people without some basis for their actions.

Do we know exactly when and why they choose to do FRs ?  Nope.   But most of the time there are things that are obvious like what is listed above......

[afbar1114]

i should be fine then

[CS800]

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@afbar1114 wrote:
i should be fine then

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Yes treat the card well

I sometimes pay my BCE the day the transactions post (crazy i know). Im sure all companies love to be paid in advance.

[Ron1]

I don't like to make multiple payments before the statement comes out.  If the banks don't trust me enough, it is not worth it.  I never made multiple payments to Amex and they trusted me enough. I didn't have any problem using any of my Amex cards at home or during travel.

Ron.

[Anonymous]

When I had gold, I mad a payment to PIF weekly. I wouldnt survive a FR because I had not worked the previous year and therefore had not filed taxes. Ive heard they ask for bank statements in this case but wasnt sure.

With platinum, 1 payment is made. I no longer worry about an FR since I file taxes. Still, I think FR is when someone becomes very risky like opening accounts or buying cash equilivants.