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Revelate
Posts: 9,465
Registered: ‎12-30-2011
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Re: Nice while it lasted - AMEX FR!

[ Edited ]

Repo-ed wrote:

jake619 wrote:

android01 wrote:

CLOSE IT.  Having an AMEX or any other flavor of credit card is simply not worth the level of intrusion into your personal finances that allowing them to have your tax returns does.  I've been an AMEX customer for 27 years, and although I've never been F/R'd, I would close every AMEX account I have without even thinking twice should they ask for one.


Why do you say this? They already have your personal information, SS#, employment data, etc... what's the big problem backing up what was stated on an app?


Agreed


We had a big thread about this recently with opinions ranging all over the map.  I really don't want to go down that rabbit hole (again), so here's the thread for reference:

 

http://ficoforums.myfico.com/t5/Credit-Cards/Why-is-a-FR-so-bad/td-p/1765362

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jake619
Posts: 496
Registered: ‎11-13-2012
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Re: Nice while it lasted - AMEX FR!

Haha, that was my thread! Thanks Rev for stopping this before it went viral again.

GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



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bs6054
Posts: 1,673
Registered: ‎11-11-2012
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Re: Nice while it lasted - AMEX FR!

[ Edited ]

Covered by others

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slippy84
Posts: 83
Registered: ‎12-24-2012
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Re: Nice while it lasted - AMEX FR!

So did they at least call you before you tried using your card and it was declined?

 

All these stories about people being declined then calling in to find out that they are on FR are just crazy. If AMEX really wants to initiate a FR, they should at least have the decency to call you before they freeze your card.

US Bank Cash+ -- Chase Freedom -- Citi Dividend Platinum Select (in 45-day wait period for Dividend Mastercard World Elite:smileyhappy:) -- AMEX BCE
Valued Contributor
navigatethis12
Posts: 1,939
Registered: ‎01-24-2012
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Re: Nice while it lasted - AMEX FR!

I asked about differing income and the female said that as long as you can show some income, they will not close it. 8000 does not seem unrealistic for 45000 income so they may just leave the limit the same. Their cards are really nothing special though, so if you have no use for them I would just close it.

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LostTime
Posts: 46
Registered: ‎01-08-2013
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Re: Nice while it lasted - AMEX FR!


slippy84 wrote:

So did they at least call you before you tried using your card and it was declined?

 

All these stories about people being declined then calling in to find out that they are on FR are just crazy. If AMEX really wants to initiate a FR, they should at least have the decency to call you before they freeze your card.



no they called after.

Amex Delta Gold $8,000 - Discover IT $1,250 - Citi Foward $2,000 - Capital One $300 - Banana Republic $300 - Walmart $300
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Dustink
Posts: 2,980
Registered: ‎10-02-2012
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Re: Nice while it lasted - AMEX FR!


LostTime wrote:

slippy84 wrote:

So did they at least call you before you tried using your card and it was declined?

 

All these stories about people being declined then calling in to find out that they are on FR are just crazy. If AMEX really wants to initiate a FR, they should at least have the decency to call you before they freeze your card.



no they called after.


I doubt they will close it with an income of $45k. Maybe CLD, but you can call underwriting and explain what's up.

 

Not a lost cause.

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Happychap
Posts: 335
Registered: ‎10-25-2011
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Re: Nice while it lasted - AMEX FR!

Least they called you, no one has yet called me and my card got suspended a week ago. I did send the tax form since I knew I was being FR'd when i saw the red suspension message and i still wait a response. It is a bad service in suspending your account with no contact, I suspect I will get a letter this week informing me of my FR.
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slippy84
Posts: 83
Registered: ‎12-24-2012
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Re: Nice while it lasted - AMEX FR!


LostTime wrote:

slippy84 wrote:

So did they at least call you before you tried using your card and it was declined?

 

All these stories about people being declined then calling in to find out that they are on FR are just crazy. If AMEX really wants to initiate a FR, they should at least have the decency to call you before they freeze your card.



no they called after.


Ridiculous. Makes AMEX much less attractive when they treat their "cardmembers" like that

US Bank Cash+ -- Chase Freedom -- Citi Dividend Platinum Select (in 45-day wait period for Dividend Mastercard World Elite:smileyhappy:) -- AMEX BCE
Regular Contributor
HenryJumbo
Posts: 136
Registered: ‎07-21-2012
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Re: Nice while it lasted - AMEX FR!

Well $130k to $45K is a big drop and is a good reason to inquire, however what they require to resolve the problem is for most people too much of a hasstle when credit cards are so easy to get.

 

Just know that when you (and countless others) close your account you're sending a message to Amex that their business practices aren't welcomed by most consumers.

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