07-06-2013 04:32 PM
,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!!!
Fico Score- 710 ... 5+-
07-07-2013 05:36 AM
What triggered the financial review?
I would be hesitant on apply for more AMEX cards just coming off of a FR.
07-07-2013 07:36 AM
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!
07-07-2013 07:38 AM
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.
07-07-2013 07:55 AM
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!
07-07-2013 09:09 AM
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! -.-
07-07-2013 09:14 AM
07-07-2013 09:16 AM
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.