Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 19
Registered: ‎04-30-2013
0

FR by AMEX passed... now apply for a different credit card?!

,I sent all the paperwork they required.

 

 

 

AMEX Cash Back-9,500

AMEX Delta - 2,000

AMEX Premier Rewards- No pre-set spending limit...

 

They approved everything and they took the hold off my account. I want to apply for a business account and I noticed that the AMEX SimplyCash Business sounds good... My Salary is 180k yearly and I do not have anything else in my CR that I owe. Nothing bad what so ever.

 

I want to know if you guys recommend for me to apply and might get approved... or just not to apply for anything anymore...or may be another credit card?!?

 

Your thoughts... I will welcome all comments!!!

 

 

Thanks

 

Fico Score- 710 ... 5+-

Regular Contributor
Posts: 163
Registered: ‎06-22-2013
0

Re: FR by AMEX passed... now apply for a different credit card?!

What triggered the financial review?

Mega Contributor
Posts: 15,446
Registered: ‎04-09-2011
0

Re: FR by AMEX passed... now apply for a different credit card?!


Omnipotent wrote:

What triggered the financial review?


This.

 

I would be hesitant on apply for more AMEX cards just coming off of a FR.




EQ FICO 548 3/3/16
Contributor
Posts: 116
Registered: ‎06-08-2013
0

Re: FR by AMEX passed... now apply for a different credit card?!

Any idea why the FR?  I have a few new cards with them, including the Platinum Charge, and really don't like the idea of a card that has PMS!



Starting Score: 573
Current Score: 764 EX (FAKO)
Goal Score: 760 all 3


Take the myFICO Fitness Challenge
New Contributor
Posts: 351
Registered: ‎06-02-2013
0

Re: FR by AMEX passed... now apply for a different credit card?!

I too think the reason for the FR would be key to answering your question. It would also be good information for other AMEX members to have.

If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800
Epic Contributor
Posts: 28,176
Registered: ‎10-23-2007
0

Re: FR by AMEX passed... now apply for a different credit card?!

The FR is over and they didn't tough your CL's or set a hard limit to your charge... YES, Apply for the business card now... you are good to go!

My Gardening 04/29/2016 All 3 Reports on Lockdown
Partner Joined Garden 04/11/2016
Member
Posts: 19
Registered: ‎04-30-2013
0

Re: FR by AMEX passed... now apply for a different credit card?!

I was out of town and my wife used the credit card for a month, I used it, but she did 90% of the transactions and that's what triggered the FR.

 

AMEX wanted to make sure that I could have enough income to pay for her purchases since the card is under my name.

 

 

I told them that then, why give them extra cards? May be I will have my kids to the shopping, errands or what not. You know what I mean?

 

 

Any way, send check stubs and bank accounts for the last three months and they removed the hold.

 

 

I applied and it says I have to call wihtin the next two days for the SimplyCash AMEX. Do I have to really call?! Now, that is annoying... I'm on the phone with all the time at work, and then to be on hold for 10 min! -.-

Epic Contributor
Posts: 28,176
Registered: ‎10-23-2007
0

Re: FR by AMEX passed... now apply for a different credit card?!

I would call.... probably good sign that they just want to verify that you are applying and finish the process... bet it's approved!

My Gardening 04/29/2016 All 3 Reports on Lockdown
Partner Joined Garden 04/11/2016
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: FR by AMEX passed... now apply for a different credit card?!

That seems to be a quite common cause for FR: frivilous AU spend! Lol

It has been reported w many Biz CC apps that they like to have a lengthy detailed convo with you about the nature of the biz and what accounting methods you use.. Lol

Good luck! -.-
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Super Contributor
Posts: 6,142
Registered: ‎02-23-2011
0

Re: FR by AMEX passed... now apply for a different credit card?!

The issue with Amex protocol (which I experienced with Serve), is once you've been "tagged" for a certain risk type, the likelihood of being flagged again is greatly increased.  It's similar to the IRS for people tagged for potential audits.

 

All things being equal, I'd suspect for the next year or two, you may pop up on all sorts of triggers which will require an "added" level of documentation.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.