topic Re: AMEX ZYNC CARD in Credit Cards

AMEX ZYNC CARD

Anonymous — Mon, 21 Feb 2011 01:11:35 GMT

So I went to make a purchased and was DECLINED on my AMEX ZYNC CARD today! I got this card like a week ago I put around $1100 on the card in a week, SO i called in to see what was going on.. they said that my acct went into credit verification dept, and wantred to verify my employment income i had to fax over my taxes of last year, i put i make $46,000 but in reality i make $22,000 and some annuity which makes up for it. Has this happen to anyone else? are they going to close my card down?

Re: AMEX ZYNC CARD

DI — Mon, 21 Feb 2011 01:16:59 GMT

@Anonymous wrote:
So I went to make a purchased and was DECLINED on my AMEX ZYNC CARD today! I got this card like a week ago I put around $1100 on the card in a week, SO i called in to see what was going on.. they said that my acct went into credit verification dept, and wantred to verify my employment income i had to fax over my taxes of last year, i put i make $46,000 but in reality i make $22,000 and some annuity which makes up for it. Has this happen to anyone else? are they going to close my card down?

They're going to close your card. Making $22k is a long way from making $46k What store were you shopping at? I think AMEX has a way of basing one's income against where their customers with the same type of income shop at, when and what time of the day. I believe AMEX have all types of models to help alleviate dishonest cardholders.

Re: AMEX ZYNC CARD

Anonymous — Mon, 21 Feb 2011 01:23:28 GMT

Jus paying bills att&t passport agency, gas u know the everyday expenses. What is the annual income u need to get approved by AMEX?

Re: AMEX ZYNC CARD

DI — Mon, 21 Feb 2011 01:26:41 GMT

@Anonymous wrote:
Jus paying bills att&t passport agency, gas u know the everyday expenses. What is the annual income u need to get approved by AMEX?

I think the minimum may be about $15,000 a year to get one of their lowest starting limits.

Re: AMEX ZYNC CARD

Anonymous — Mon, 21 Feb 2011 02:18:28 GMT

Re: AMEX ZYNC CARD

Cory — Mon, 21 Feb 2011 02:42:37 GMT

I don't see why they would close the card totally out just because you overstated your income. They might reduce the internal credit limit, but closing the entire card seems extreme!

Income is not the only factor for approvals. They take into consideration, history, scores, age of accounts etc. Someone else can chime in on this one too. I think you should be fine, just explain the reason(s) why you stated your income in that way.

Cory

Re: AMEX ZYNC CARD

danisgods — Mon, 21 Feb 2011 03:04:33 GMT

i have said that once i will say that again, i am not providing AMEX with my taxes forms or whatever else, EVER, regardless of the reason , it doesn't matter/make sense, i know some people are gonna come here and say lots to protect Amex, sort of "what you have to hide ?"and blablabla, But myself personally think a bank only have to worry about one thing, getting paid,and if they are , thats the end of it, PERIOD.

my 2 cents...

Re: AMEX ZYNC CARD

Anonymous — Mon, 21 Feb 2011 03:08:01 GMT

@Anonymous wrote:
So I went to make a purchased and was DECLINED on my AMEX ZYNC CARD today! I got this card like a week ago I put around $1100 on the card in a week, SO i called in to see what was going on.. they said that my acct went into credit verification dept, and wantred to verify my employment income i had to fax over my taxes of last year, i put i make $46,000 but in reality i make $22,000 and some annuity which makes up for it. Has this happen to anyone else? are they going to close my card down?

Why wouldn't your annuity be considered income? I would send them documentation of this as well.

Re: AMEX ZYNC CARD

Anonymous — Mon, 21 Feb 2011 03:28:00 GMT

Looks like a financial review... I highly doubt they will close your account.

Update us once you receive the result.

Re: AMEX ZYNC CARD

Anonymous — Tue, 22 Feb 2011 06:37:09 GMT

So my Zync card got closed im so upset! She said i can re apply but i feel like they wont give it to me anymore how sad :/

Re: AMEX ZYNC CARD

Anonymous — Tue, 22 Feb 2011 06:45:55 GMT

If they closed your account for supplying questionable application data they probably will not be too apt to re-approve you.

Re: AMEX ZYNC CARD

Anonymous — Tue, 22 Feb 2011 07:28:28 GMT

What???? They closed your account??????????

Call the backdoor number

Re: AMEX ZYNC CARD

Anonymous — Tue, 22 Feb 2011 19:28:09 GMT

What is the Backdoor number? I should call! thanks!

Re: AMEX ZYNC CARD

michaels88369 — Tue, 22 Feb 2011 21:04:29 GMT

They did the same thing with me, they closed my Zync account after 2 weeks. I fought tooth and nail to get it re opened but to no luck. My account went to credit dept and they said my score dropped by a few points after getting card so they had to drop me. I was beyond pissed. My score dropped because of the inq. I even filed with the BBB and they got involved and Amex declined to reinstate the account still but "encouraged" me to re apply when my score went back up. LOL. Amex will NEVER have my business again.

Re: AMEX ZYNC CARD

Red1Blue — Tue, 22 Feb 2011 21:08:42 GMT

I would not loose faith with amex. They did Fr and I refused to submit financials and asked them to close all my cards. few months later I applied for platinum and got approved for it. year later they did FR again as I applied for 7 new accounts. This time I did submit my financials which show less than what it indicates when applied for the cards. They came back and put hard limits on my accounts but the limits are way bigger than what I would want from them. Wait few months and apply for it again. Amex likes the relationships. Once you establish it they will go out of their way to help you and be with you.

Re: AMEX ZYNC CARD

vish1 — Tue, 22 Feb 2011 21:11:54 GMT

@michaels88369 wrote:
They did the same thing with me, they closed my Zync account after 2 weeks. I fought tooth and nail to get it re opened but to no luck. My account went to credit dept and they said my score dropped by a few points after getting card so they had to drop me. I was beyond pissed. My score dropped because of the inq. I even filed with the BBB and they got involved and Amex declined to reinstate the account still but "encouraged" me to re apply when my score went back up. LOL. Amex will NEVER have my business again.

What was your score at application and how much did it drop when they closed out your card. I am getting curious.

I have earlier heard of Barclay's getting overly sensitive about you opening new accounts or inquiries but never heard this about Amex.

Re: AMEX ZYNC CARD

michaels88369 — Tue, 22 Feb 2011 21:15:27 GMT

They pulled my exp on 7/20/2010 and my score was 655-665 somwhere in that range. The account says closed by credit grantor but is a good account on my reports

Re: AMEX ZYNC CARD

vish1 — Tue, 22 Feb 2011 21:17:26 GMT

@michaels88369 wrote:
They pulled my exp on 7/20/2010 and my score was 655-665 somwhere in that range. The account says closed by credit grantor but is a good account on my reports

What was your score before at the time of approval?

Re: AMEX ZYNC CARD

CHARGE — Tue, 22 Feb 2011 21:17:38 GMT

Sorry to hear it danielaubry! How old is your Zync card? Have you applied for credit recently? Carried more balances? Anything different from when you applied with AMEX?

Re: AMEX ZYNC CARD

Anonymous — Tue, 22 Feb 2011 21:27:21 GMT

no same thing. No balances. 1 new credit card, but the income they said that annuities does not count!