topic Re: American Express Financial Review in Credit Cards

American Express Financial Review

Anonymous — Wed, 22 Jul 2009 03:34:06 GMT

I was FR'ed last yr and i dont want to cooperate and i was wondering if the financial review goes away?

Re: American Express Financial Review

fused — Wed, 22 Jul 2009 04:08:58 GMT

Welcome to the forums!

No, it will not go away. If Amex asks you to do another FR, you must agree, or they will shut you down.

Re: American Express Financial Review

Anonymous — Wed, 22 Jul 2009 05:54:03 GMT

Unfortunately theres no way around it whatsoever. Also, if you decide to close the account and reapply, they will demand a 4506 tax form and a letter from a broker, cpa, or attorney confirming your source of income and etc. If you ever end up in an FR again, be sure to cash in your MR points before you submit any forms or close the account.

Re: American Express Financial Review

smallfry — Wed, 22 Jul 2009 10:06:29 GMT

Amex meet Ben Dover.

Re: American Express Financial Review

Red1Blue — Wed, 22 Jul 2009 11:07:36 GMT

They pulled the same stunt on me couple of months ago and I told them to close all 3 accounts I have with Amex. Just not worth the headache.

Re: American Express Financial Review

Anonymous — Wed, 22 Jul 2009 13:18:10 GMT

As the others have stated, if you do not wish to comply, they will promptly close all of your Amex accounts.

Re: American Express Financial Review

Anonymous — Wed, 22 Jul 2009 13:19:08 GMT

@Red1Blue wrote:
They pulled the same stunt on me couple of months ago and I told them to close all 3 accounts I have with Amex. Just not worth the headache.

Not worth the headache? Didn't you recently try to reopen all 3 accounts concord?

Re: American Express Financial Review

CHARGE_IT — Wed, 22 Jul 2009 16:34:30 GMT

WoW,

My head is spinning. Concord, you just told someone it is a headache and not worth it. Do you ever review your posts about AX ?

I don't have a clue where you stand on this, based on your own posts.

@Anonymous wrote:
@Red1Blue wrote:
They pulled the same stunt on me couple of months ago and I told them to close all 3 accounts I have with Amex. Just not worth the headache.
Not worth the headache? Didn't you recently try to reopen all 3 accounts concord?

Re: American Express Financial Review

Red1Blue — Wed, 22 Jul 2009 19:42:04 GMT

@CHARGE_IT wrote:
WoW,
My head is spinning. Concord, you just told someone it is a headache and not worth it. Do you ever review your posts about AX ?

I don't have a clue where you stand on this, based on your own posts.

CI

I think in my case I over reacted for the FR. After closing the accounts I talked to Amex again and explained my issue with CLD on my Oasis card turned to Blue and that they have issued the card with out requirements for Credit Approval. They asked me to apply back again. I got the Business Gold couple of weeks ago and last week I converted it to Platinum Business Charge Card. I also applied back for the Plum and waiting for the decision which I might know in the next couple of days or so. I am primarily using the card for CreditSecure subscription and pretty much sock drawer the card.

Re: American Express Financial Review

Underh20 — Thu, 23 Jul 2009 09:50:13 GMT

@Red1Blue wrote:
@CHARGE_IT wrote:
WoW,
My head is spinning. Concord, you just told someone it is a headache and not worth it. Do you ever review your posts about AX ?

I don't have a clue where you stand on this, based on your own posts.

CI
I think in my case I over reacted for the FR. After closing the accounts I talked to Amex again and explained my issue with CLD on my Oasis card turned to Blue and that they have issued the card with out requirements for Credit Approval.

I have some people going through AmEx / Oasis issues and your comment caught my attention.

Did you enter the Oasis program and during your time in the program they AA'd you?

Re: American Express Financial Review

Red1Blue — Thu, 23 Jul 2009 10:49:59 GMT

@Underh20 wrote:

I have some people going through AmEx / Oasis issues and your comment caught my attention.

Did you enter the Oasis program and during your time in the program they AA'd you?

This is what happend. I entered into oasis program. They issued the card with $5k Cl.After 14 months I asked them to see if the card can be converted to clear. They converted it to clear. Few days later they reduced my CL from $5k to $1k. I wanted to get the CL back and pressed the CLI button two times. That initated the FR and they suspended all my cards and asked for my tax returns. It made me more mad and I told them to close all my cards. Once things cooled down, I talked to Amex again and they said to go ahead and apply back again. I got the card back but I lost the thrill and excitment of having the card with all the hassle I had to go through. I always paid in fu ll and never late on any card. I think Amex CSR should not have converted the oasis card to any other card as initially I was told the card can not change and I have to apply for a new card after 12 months of having oasis card. I am not sure why Amex CSR's convert the card to a different card and then let customers get into this kind of situation. Any way I am not going to loose much sleep over this card. It is nice to have but not a necessity. I am glad I got one of my cards back. I am working getting other 2 back again.

Re: American Express Financial Review

Underh20 — Thu, 23 Jul 2009 11:02:34 GMT

@Red1Blue wrote:
@Underh20 wrote:

I have some people going through AmEx / Oasis issues and your comment caught my attention.

Did you enter the Oasis program and during your time in the program they AA'd you?

This is what happend. I entered into oasis program. They issued the card with $5k Cl.After 14 months I asked them to see if the card can be converted to clear. They converted it to clear. Few days later they reduced my CL from $5k to $1k. I wanted to get the CL back and pressed the CLI button two times. That initated the FR and they suspended all my cards and asked for my tax returns. It made me more mad and I told them to close all my cards. Once things cooled down, I talked to Amex again and they said to go ahead and apply back again. I got the card back but I lost the thrill and excitment of having the card with all the hassle I had to go through. I always paid in fu ll and never late on any card. I think Amex CSR should not have converted the oasis card to any other card as initially I was told the card can not change and I have to apply for a new card after 12 months of having oasis card. I am not sure why Amex CSR's convert the card to a different card and then let customers get into this kind of situation. Any way I am not going to loose much sleep over this card. It is nice to have but not a necessity. I am glad I got one of my cards back. I am working getting other 2 back again.

I guess my interest at this point is with the Oasis program. Do you think it's possible for AmEx to accept someone in the Oasis program and then after whatever period of time AA them for something other than poor conduct of the cardholder -- sort of like they are doing these days to their other cardholders?

Re: American Express Financial Review

Red1Blue — Thu, 23 Jul 2009 15:46:23 GMT

@Underh20 wrote:
I guess my interest at this point is with the Oasis program. Do you think it's possible for AmEx to accept someone in the Oasis program and then after whatever period of time AA them for something other than poor conduct of the cardholder -- sort of like they are doing these days to their other cardholders?

Any thing is possible with Amex. You can never tell. I heard few days ago they cancelled Oasis card and for another poster they refused to upgrade the card or issue a new card. Search this forum posts you'll find them.

Re: American Express Financial Review

Anonymous — Fri, 24 Jul 2009 03:14:17 GMT

how about if i dont have a cpa or accountant?

Re: American Express Financial Review

Anonymous — Fri, 24 Jul 2009 03:29:42 GMT

@Anonymous wrote:
how about if i dont have a cpa or accountant?

You'll have to hire either a CPA, broker or attorney.

Re: American Express Financial Review

Anonymous — Fri, 24 Jul 2009 03:32:01 GMT

amex is so friggen strict wtf do they need to see my tax returns if i never missed a payment and i had the platinum card and i always paid on time