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@Anonymous wrote:
Cancelling an AMEX card, especially one that shows a historically great payment history and high credit limit (for credit cards), coupled with a great utilization %, is not in anyones best interest. My personal opinion, if they FR you and you are a long time customer with some leverage, then ask them to at least waive the membership fee for that year, you never know until you try. IMO, cancelling GOOD long standing accounts only hurts you in the end.
@Anonymous wrote:
@Anonymous wrote:Cancelling an AMEX card, especially one that shows a historically great payment history and high credit limit (for credit cards), coupled with a great utilization %, is not in anyones best interest. My personal opinion, if they FR you and you are a long time customer with some leverage, then ask them to at least waive the membership fee for that year, you never know until you try. IMO, cancelling GOOD long standing accounts only hurts you in the end.
True, but so do busybodies who burn up my time and energy prying into me for data that really isn't any of their business to begin with.
Asking for my 1040 is nosy. Wanting pay stubs is downright rude and invasive.
@Anonymous wrote:Im with TNWM. Crap 1 or Amex,doesn't matter they are both CCC. It is an invasion to ask for IRS records. they check your CRA file and know what kind of risk that you are before they accept you!
@Anonymous wrote:
True but people who overstate income can have an 800 score as easily as somebody who doesn't. You asked for the credit card by applying for it right? Again, assuming you are a new customer to them not an established one....
@Anonymous wrote:
A high level of income does not ensure that a person will pay on time or is an otherwise good credit risk. If Amex requires proof of income as part of THEIR approval process, it should be requested at the time of application. If Amex requires periodic updated proof of income, that requirement should be disclosed on the application.
I am all in favor of every business making their own rules. But if a business decides to impose rules that are significantly different than their competitors, they should disclose those rules beforehand, not AFTER a customer takes the time to apply, incurs the inquiry and new account dings to their FICO score, and possibly decides to carry a balance.
I have no sympathy for someone who was the victim of an F/R and then repeats the same behavior that triggered the F/R. But the vast majority of F/R victims reporting in these forums are consumers exhibiting normal behavior, who did NOT overstate their income, who were caught by surprise, and who were inconvenienced without warning and, in most cases, without good reason.
Message Edited by Revike on 08-02-2007 08:01 PM
bamf70 wrote:
I now expect to have the F/R hit me sooner or later. BUT I didn't get the card with the idea to go out and request a CLI or multiple accounts with them. I also didn't plan to max out the card and carry a balance or do a BT to the card. For me and I'm assuming alot of people who applied it was my 1st "prime" card. To me it's like a graduation from Crap 1 or HSBC or First Premier to the real world of credit. Maybe that's why the F/R doesn't bother me now.