12-03-2011 12:55 AM - edited 12-03-2011 12:57 AM
12-03-2011 01:02 AM
I did leave it alone I'll probably just close it when I get the card bc I don't want it to be on my report that they closed it on their behalf, I just got my job this summer so my last years taxes won't help me. Amex is to touchy for my taste lol
But why would you close it, without any AA coming from AmEx?
I disagree with your last sentence: I haven't found AmEx to be touchy in the least.
One thing that's important to remember with online forums: It's awfully easy to spin your personal story before posting it. Not everyone who was F/R'd was completely open and transparent, at least not here.
(Again, my apologies and sympathy to those who got F/R'd. It's no fun and all, and I'm certainly not saying that you brought it on yourselves.)
12-03-2011 01:07 AM
12-03-2011 01:13 AM
Why cancel it? I think you're overacting a bit.
You realize how many millions of customers AMEX has, right? Compared to how many people that get FR'd? It's a teeny tiny amount.
Even if they do FR you, as soon as they send you the letter or call or whatever it may be, immediately tell them you wish to close the account. That way YOU closed it, not them.
12-03-2011 01:23 AM
12-03-2011 01:24 AM
12-03-2011 02:08 AM
Honestly, there really aren't a lot of horror stories. There are some stories on here in myfico land but, to me, it seems like a such a rarity. I also doubt it's random too.
12-03-2011 05:28 AM
I work as a pizza driver I make minimum wage plus tips it equals to about 15$ an hour. It's hard for me to prove what I make....
Be sure to declare your tips when you do your taxes next. If ever FR'd in the future, they'd look at your gross income as declared on your 1040. If that additional income isn't listed, then they won't consider it and it'll be an issue for you on future apps w/ lenders, especially mortgage or car.
12-03-2011 01:26 PM
I agree with Hauling... No need to close the account. I can tell you that I had my card for a week then got FR'd having charged $35. It's weird but not the norm. Now that I have been through the process- it's business as usual. I use the card like a debit card and am getting 10000 MRs points to boot cause I've already spent $350+ this month. You will love the card and you shouldn't jump the gun on closing it. When I spoke to the rep, he told me that they do this process on some new accounts. The chances of it happening to you are slim as long as you "fly under the radar".
Could it just be a random FR?
Just doesn't make any sense Amex approved you, sent you the card, and FR after you swiped it for $35?
I think maybe the computer just randomly pick ppl to FR?
12-03-2011 01:43 PM
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.