topic Re: Just passed AMEX Financial Review. Some data! in Credit Cards

Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 04:17:13 GMT

I made this post days ago: https://ficoforums.myfico.com/t5/Credit-Cards/Apparently-hit-with-an-AMEX-financial-review-Any-advice/m-p/6103865#M1737553

So, I opened the gold and BCE 2 months ago. This month the BCE had $950/1k and the gold was at $2100 which was pretty much at my "limit" the lady on the phone said. A few days later after speaking to her I was put under financial review.

I received an email and called in and the guy wanted me to send in bank statements and pay stubs. I told him I was only able to do bank statements so he said that was fine. Sent them in, a few days later (this week) I got an email saying my Gold card had a pre set limit set to $3100($1k above what it is now) and BCE was untouched.

Definitely ended up better than I expected. Very pleased with amex especially during times like this.

Re: Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 04:21:21 GMT

Happy ending

Re: Just passed AMEX Financial Review. Some data!

Brian_Earl_Spilner — Thu, 20 Aug 2020 04:22:33 GMT

Congrats. How many months of statements did they ask for?

Re: Just passed AMEX Financial Review. Some data!

red259 — Thu, 20 Aug 2020 04:23:26 GMT

Yea opening cards with lowish scores and then nearly maxing them out in short order is going to trigger lenders asking questions.

Re: Just passed AMEX Financial Review. Some data!

marcforza1 — Thu, 20 Aug 2020 04:59:29 GMT

Does Amex's financial review applies to all their cards (including Delta, HH and Marriott travel cards) or just their core revolving cards and charge cards?

Re: Just passed AMEX Financial Review. Some data!

red259 — Thu, 20 Aug 2020 05:03:18 GMT

@marcforza1 wrote:
Does Amex's financial review applies to all their cards (including Delta, HH and Marriott travel cards) or just their core revolving cards and charge cards?

Don't see any reason it wouldn't apply to all cards.

Re: Just passed AMEX Financial Review. Some data!

NRB525 — Thu, 20 Aug 2020 08:32:03 GMT

@Anonymous wrote:
I made this post days ago: https://ficoforums.myfico.com/t5/Credit-Cards/Apparently-hit-with-an-AMEX-financial-review-Any-advice/m-p/6103865#M1737553

So, I opened the gold and BCE 2 months ago. This month the BCE had $950/1k and the gold was at $2100 which was pretty much at my "limit" the lady on the phone said. A few days later after speaking to her I was put under financial review.

I received an email and called in and the guy wanted me to send in bank statements and pay stubs. I told him I was only able to do bank statements so he said that was fine. Sent them in, a few days later (this week) I got an email saying my Gold card had a pre set limit set to $3100($1k above what it is now) and BCE was untouched.

Definitely ended up better than I expected. Very pleased with amex especially during times like this.

Congrats! Thanks for sharing your details.

Re: Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 12:09:23 GMT

@marcforza1 wrote:
Does Amex's financial review applies to all their cards (including Delta, HH and Marriott travel cards) or just their core revolving cards and charge cards?

Your ability to pay your obligations is what they're investigating. You may trigger an FR with usage patterns on one particular card but the results of the FR can most definitely affect any accounts you hold with them.

Re: Just passed AMEX Financial Review. Some data!

CarbonCard — Thu, 20 Aug 2020 14:07:29 GMT

Congrats for passing it! I feel like lately, AMEX'S "NPSL" isn't really npsl. People getting FRd because they passed or is within their hidden credit limit.

Re: Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 18:05:56 GMT

Just 2, June and July!

Re: Just passed AMEX Financial Review. Some data!

cashorcharge — Thu, 20 Aug 2020 18:17:20 GMT

Thank you for sharing feedback on the process and congrats on your increase!

Good luck in managing those balances down, hopefully in the near future

Re: Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 18:22:59 GMT

Congrats, I'm glad this worked out in your favor!

Especially in such interesting times.

Re: Just passed AMEX Financial Review. Some data!

Anonymous — Thu, 20 Aug 2020 19:22:45 GMT

Appreciate it! And no worries, they will be paid off completely within the next week!