Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 249
Registered: ‎12-24-2012
0

Re: Nice while it lasted - AMEX FR!

If you did cancel, you can reapply again in April, get a backdated card and when they FR you they can use your 2012 taxes.

Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Nice while it lasted - AMEX FR!


McArthur wrote:

If you did cancel, you can reapply again in April, get a backdated card and when they FR you they can use your 2012 taxes.


Good plan

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 1,599
Registered: ‎11-10-2012
0

Re: Nice while it lasted - AMEX FR!

I am always unhappy to hear Amex horror stories. Some people's experience with Amex seems to be so over-the-top unreasonable. I hope this gets resolved for you in a manner that you can live with.

 photo Logo - Credit Card Collection - Data Inclusive_zpskiw5xfjj.jpg photo emerald_zpsfitcxbh5.jpg
Frequent Contributor
Posts: 380
Registered: ‎06-01-2011
0

Re: Nice while it lasted - AMEX FR!


McArthur wrote:

If you did cancel, you can reapply again in April, get a backdated card and when they FR you they can use your 2012 taxes.


I was thinking the same thing.

 
Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Nice while it lasted - AMEX FR!

Tell them you have a joint tax filing and the other party objects to providing the information to Amex.
It can't be separated and they cannot "force" someone else to capitulate.
Most of the time they will fall back to pay stubs, 1099s etc etc.

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Nice while it lasted - AMEX FR!

Ultimately though, they can do pretty much what they want. It is their account.

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Valued Contributor
Posts: 1,599
Registered: ‎11-10-2012
0

Re: Nice while it lasted - AMEX FR!


Pilotdude wrote:
Tell them you have a joint tax filing and the other party objects to providing the information to Amex.
It can't be separated and they cannot "force" someone else to capitulate.
Most of the time they will fall back to pay stubs, 1099s etc etc.

Is this accurate? This is the first time I have read this. It would be great since it would at least give people an alternative. But as another poster said...it is still Amex's account and they will do what they want to do.

 photo Logo - Credit Card Collection - Data Inclusive_zpskiw5xfjj.jpg photo emerald_zpsfitcxbh5.jpg
Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: Nice while it lasted - AMEX FR!

[ Edited ]

Yea.  I know someone who had success with them this way.  It makes sense that a person who is not an Amex account holder might not want Amex looking that their financials via the IRS. 

Of course they can still say "nope" but its harder.  For my buddy they just fell back to requesting his Paystubs and some identity documentation.  He sent it in with a letter stating his total picture and they accepted that.   I think he needed the four most recent stubs or something. 

 

Just be warned, they can and still might say no. 


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: Nice while it lasted - AMEX FR!


LostTime wrote:

So looks like my experience with American Express will be less than 1 month. 

 

Despite the fact that they had me send in bank statements AND pay stubs prior to approving my application, Amex today hit me with an FR...**bleep**

 

I only worked 3 months in 2011 (took a long sabbatical from work to take care of my father after he had a stroke), so even if I agreed, my income for the year would only show $45K and not my 2012 income which was over $130k and was also what I put on the app. So even IF I sent the tax forms, they would still shut me down. When I said this to the agent she replied,

 

"well sir we have to be able to verify your information"

 

I replied, "but that information is not current, it is outdated and does not tell the story of what happened to me in 2011, AND you have already seen my actual income at the time of application. My 2011 numbers in no way show my ability to pay current debts. Can I give you 2010 taxes, I still work at the same company."

 

her scripted reply "well sir, if you can't verify the income American Express may have to take adverse action. We can not take your 2010 taxes as those are dated///"

 

My reply, "So if I can not verify my current income through outdated data from 2011, and not current data, you may close my account? And, I can not use outdated data from 2010 because it is outdated but outdated data from 2011 is current enough to be used for these purposes?"

 

"yes"

 

HOW IS THIS AN ACCEPTABLE BUSINESS PRACTICE!!!! Looks like I am closing my card.

 

edit: I also offered to file 2012 taxes sooner than originally planned and let them take those, they again rejected and said it has to be from 2011. 


It's not a hard decision at all. Axe it.

 

Your not buying a house, it's just a Credit Card. They have no right to be so intrusive with tax returns. Let them keep their card.




EQ FICO 548 3/3/16
Valued Contributor
Posts: 3,001
Registered: ‎02-09-2012
0

Re: Nice while it lasted - AMEX FR!

^^^ +100

5/2012: 560 credit scores across the board
12/2014: 750+ scores across the board
Get those baddies removed!!!

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.