topic Re: Amex question regarding tax returns etc. in Credit Card Applications

Amex question regarding tax returns etc.

crippus — Thu, 30 Jul 2015 19:04:38 GMT

Hello,

I had applie dand was approved for both an Amex Blue Cash and Everyday card a few months ago. Excited due to the 3x cli etc. They asked a few weeks later for tax returns and financials, which I've never done, except for a mtg, and did not at all feel comfortable doing. I didn't comply, and they closed the cards. Can I reapply now? My score is also 60 points higher than before when approved. Or am I blacklisted?

Thanks

Craig

Re: Amex question regarding tax returns etc.

SecretAzure — Thu, 30 Jul 2015 19:19:58 GMT

@crippus wrote:
Hello,

I had applie dand was approved for both an Amex Blue Cash and Everyday card a few months ago. Excited due to the 3x cli etc. They asked a few weeks later for tax returns and financials, which I've never done, except for a mtg, and did not at all feel comfortable doing. I didn't comply, and they closed the cards. Can I reapply now? My score is also 60 points higher than before when approved. Or am I blacklisted?
Thanks
Craig

This tends to happen if you request over 25K. If this is the case, resubmit a CLI to 25K and you should get an instant-approval. If you want to try for more, fill all that out and send it. Your choice but this headache I dealt with for 2 months really wasn't worth it for me.

Good luck!

Re: Amex question regarding tax returns etc.

crippus — Thu, 30 Jul 2015 19:21:12 GMT

they were actually new cards, $5000 and $4500 respectively. But my scores were as I said high 600's, now are mid 700's

Re: Amex question regarding tax returns etc.

crippus — Thu, 30 Jul 2015 19:21:54 GMT

Sorry, i wasn't clear. Was excited to get in due to their cli policy. Had not requested one yet.

Re: Amex question regarding tax returns etc.

empiror22 — Thu, 30 Jul 2015 19:25:51 GMT

Your probably not Black listed, but they most likely will want the same access to your finances that they asked for before. In general if a creditor asked for your info once, they will still want it no matter what your score is. With Amex its not just a score that matters.

Re: Amex question regarding tax returns etc.

Anonymous — Thu, 30 Jul 2015 19:28:38 GMT

That's kind of crazy that they asked you for tax returns after approving you for cards that weren't very high limits. Yikes. I'm not sure what will happen if you reapply, I'd imagine they will just ask you for the tax returns again. If you apply again, please post back and let us know what happens, could be helpful to others.

Re: Amex question regarding tax returns etc.

Anonymous — Thu, 30 Jul 2015 19:29:56 GMT

What was your spending on the cards like between the time you received thrm and when you got the request for the tax forms?

Re: Amex question regarding tax returns etc.

crippus — Thu, 30 Jul 2015 19:44:14 GMT

$0 on one card and $1100 on the other, and pmt made for $400 weeks before the due date..

Re: Amex question regarding tax returns etc.

Anonymous — Thu, 30 Jul 2015 19:48:29 GMT

@crippus wrote:
$0 on one card and $1100 on the other, and pmt made for $400 weeks before the due date..

Very strange that they asked for tax info after you received the cards. If you had gone crazy with spending I could understand

Re: Amex question regarding tax returns etc.

crippus — Thu, 30 Jul 2015 19:59:33 GMT

I thought so as well

Re: Amex question regarding tax returns etc.

Anonymous — Thu, 30 Jul 2015 21:58:38 GMT

@crippus wrote:
Hello,

I had applie dand was approved for both an Amex Blue Cash and Everyday card a few months ago. Excited due to the 3x cli etc. They asked a few weeks later for tax returns and financials, which I've never done, except for a mtg, and did not at all feel comfortable doing. I didn't comply, and they closed the cards. Can I reapply now? My score is also 60 points higher than before when approved. Or am I blacklisted?
Thanks
Craig

You can always re-apply and you are not blacklisted. What will happen is they will request financials again and until you comply, you will not be given an active card. So if you are not ready to divulge financial info, stay away from Amex.