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Amex financial review - help

Mega Contributor

Re: Amex financial review - help

Ohhh...

Well no wonder you got FRed!!!

Thats pretty much gaming the system, not cool.



EQ FICO 548 3/3/16
Message 21 of 58
Moderator Emerita

Re: Amex financial review - help

Message 22 of 58
Established Contributor

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.

Fico 8 11/8/16
Equifax 836, TransUnion 836 12/30/16 , Experian 842 1/11/17 . AAOA 12 years Oldest 17
No inquires since 2014
All credit reports frozen
Fico 8 Equifax Bankcard 866 12/27/16
Message 23 of 58
Established Contributor

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 $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 24 of 58
Senior Contributor

Re: Amex financial review - help

maybe from the amount?
Move the mouse over the cards for detailed view!
....Last HP 01 NOV 2016...............
Message 25 of 58
Super Contributor

Re: Amex financial review - help

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

 

 

Ron.

Message 26 of 58
Super Contributor

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.

Message 27 of 58
Super Contributor

Re: Amex financial review - help

wow you learn something new everyday

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 28 of 58
Mega Contributor

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.




EQ FICO 548 3/3/16
Message 29 of 58
Regular Contributor

Re: Amex financial review - help


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
Message 30 of 58