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Mega Contributor
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Registered: ‎04-09-2011
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Re: Amex financial review - help

Ohhh...

Well no wonder you got FRed!!!

Thats pretty much gaming the system, not cool.



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Re: Amex financial review - help

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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.



As of 4/3/15
Established Contributor
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Registered: ‎12-07-2012
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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.
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Re: Amex financial review - help

maybe from the amount?
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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.

Super Contributor
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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.

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Re: Amex financial review - help

wow you learn something new everyday

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Mega Contributor
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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
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Registered: ‎02-06-2013
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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.


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