Reply
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Amex financial review - help

Ohhh...

Well no wonder you got FRed!!!

Thats pretty much gaming the system, not cool.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
09Lexie
Posts: 25,861
Registered: ‎09-13-2012
0

Re: Amex financial review - help

Frequent Contributor
blondy250
Posts: 449
Registered: ‎01-03-2013
0

Re: Amex financial review - help


LS2982 wrote:
Ohhh...

Well no wonder you got FRed!!!

Thats pretty much gaming the system, not cool.

He gamed the system, and committed fraud by lying about his income.


MyFico 4/18/14
Experian-820, Equifax-834, Transunion (Discover)--850-- 7/6/14
Aaoa-9yrs, Oldest-14yrs
1 inquiry equifax 04 Chase mortgage
"Because your FICO® score is exceptionally high, there are no actionable negative factors present with your score".
Frequent Contributor
ilovelisa
Posts: 420
Registered: ‎12-07-2012
0

Re: Amex financial review - help

How does AMEX know what you purchased at CVS?? Do they call CVS to get a copy of the receipt? It would seem to me that the only thing they would be able to see is the transaction amount, date, time.
Amex BCE $4,800 | BofA Power Rewards WMC $10,000 | Chase Freedom VS $10,000 | Chase Marriott Premier VS $5,000 | DCU $1,000 | Discover It $1,900 | Elan VS $9,000 | Local CU Visa $3,500 | PenFed Platinum Rewards VS $5,000 | SallieMae Rewards $8,000
Valued Contributor
lg8302ch
Posts: 2,786
Registered: ‎11-13-2012
0

Re: Amex financial review - help

maybe from the amount?
FICO® EQ 788 (as of today) - TU 767 (09/28) * Fako EX 789 (09/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


Move the mouse over the cards for detailed view!..................................................................* Silver Spade Garden Club member *

Super Contributor
Ron1
Posts: 5,019
Registered: ‎05-23-2009
0

Re: Amex financial review - help

Sorry to hear. :smileysad:Yes, they let you to apply for another Amex card. No, they will transfer to FR Dept when you activate your new card. 

 

 

Ron.

Super Contributor
Ron1
Posts: 5,019
Registered: ‎05-23-2009
0

Re: Amex financial review - help

A couple of things will trigger FR such as use it thru paypal, funding debit/pre-paid card and funding serve/bluebird account.

 

 

Ron.

Community Leader
Senior Contributor
myjourney
Posts: 26,602
Registered: ‎02-07-2013
0

Re: Amex financial review - help

wow you learn something new everyday

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Amex financial review - help


Ron1 wrote:

A couple of things will trigger FR such as use it thru paypal, funding debit/pre-paid card and funding serve/bluebird account.

 

 

Ron.


Has anyone here got an FR for that??

That just seems really petty.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Sevenfeet
Posts: 166
Registered: ‎02-06-2013
0

Re: Amex financial review - help

[ Edited ]

ilovelisa wrote:
How does AMEX know what you purchased at CVS?? Do they call CVS to get a copy of the receipt? It would seem to me that the only thing they would be able to see is the transaction amount, date, time.

That's easy.  Most major retailers post what you purchased directly to the credit card company in the transaction description and match that to a specific product category.  The data they collect is invaluable...it's used from everything like determining customer cash back and points rewards to larger analytics like broad purchasing trends that are bought by marketers and companies who need to measure the markets.  And the labor department uses it to determine leading economic indicators...and other countries do the same thing.


.......NPSL..…..…$28K….....….$25K.............$20K..............$20K..............$20K..….......$9.5K…........$7.5K.…........$9K..............$4.5K

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}