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New Contributor
Nightfallx
Posts: 134
Registered: ‎04-25-2011

Re: amex fr question.

[ Edited ]
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
in my wallet:
Amex Zync : NPSL (main card always pif)
Discover More: 6,500$ (no balance)
Chase Sapphire : 5000.00$ (no balance)
Citi Thank You Card backed by Amex 8,200$ (no balance)
Amex Blue Cash 21,000$
Best Buy Store Card : 5,700$ (I'm a nerd so used a lot)
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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: amex fr question.


Nightfallx wrote:
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. :smileywink: Not everyone who was F/R'd was completely open and transparent, at least not here. :smileywink:

 

(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.)

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
New Contributor
Nightfallx
Posts: 134
Registered: ‎04-25-2011

Re: amex fr question.

Is it bad to cancel an account before getting your card?
in my wallet:
Amex Zync : NPSL (main card always pif)
Discover More: 6,500$ (no balance)
Chase Sapphire : 5000.00$ (no balance)
Citi Thank You Card backed by Amex 8,200$ (no balance)
Amex Blue Cash 21,000$
Best Buy Store Card : 5,700$ (I'm a nerd so used a lot)
Established Contributor
FloridaState12
Posts: 614
Registered: ‎08-24-2011

Re: amex fr question.

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. 

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Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: amex fr question.

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".

Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

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New Contributor
Nightfallx
Posts: 134
Registered: ‎04-25-2011

Re: amex fr question.

Thanks that sounds better, just Reading all the horror stories makes me cringe. Thanks for lighting up the situation
in my wallet:
Amex Zync : NPSL (main card always pif)
Discover More: 6,500$ (no balance)
Chase Sapphire : 5000.00$ (no balance)
Citi Thank You Card backed by Amex 8,200$ (no balance)
Amex Blue Cash 21,000$
Best Buy Store Card : 5,700$ (I'm a nerd so used a lot)
Valued Contributor
clocktick
Posts: 1,603
Registered: ‎12-07-2008

Re: amex fr question.

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.

11/30/08 TU 648 EX 672 EQ 656 JUNE 2014 TU 779 EX 764 EQ 721
Amex BCP $24.1K/Clear $8.5- Barclays LLBean $15k/Sallie Mae $12.5 -Cap One QS $4 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


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Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: amex fr question.


Nightfallx wrote:
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.

Valued Contributor
tntexans72
Posts: 1,071
Registered: ‎04-24-2008

Re: amex fr question.


impovingmycredit wrote:
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?

 

Community Leader
Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: amex fr question.

Even though it was insinuated that I was somehow randomly picked, I personally don't believe it. I think it had everything to do with the types of accounts listed on my CR. Most of my accounts are starter cards with not great limits, and though my FICO was good enough to be approved, when analyzed...concerns maybe and thus FR??? Just my opinion and thoughts. YMMV. Anyway- as always- I strongly suggest that one be honest on applications and only apply for what one needs.

Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

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