topic Re: FR? in Credit Cards

FR?

corymcd88 — Wed, 15 Feb 2012 04:37:42 GMT

What is this "FR"?

Re: FR?

visorboy1974 — Wed, 15 Feb 2012 04:39:56 GMT

Financial Review.

Some CC issuers will ask you for more documentation on your income and finances with this.

Re: FR?

Anonymous — Wed, 15 Feb 2012 04:40:32 GMT

FR = Financial Review

Intrusive practice used by American Express that requires you to submit tax information and bank statements or have your account terminated.

Re: FR?

corymcd88 — Wed, 15 Feb 2012 04:45:50 GMT

@Anonymous wrote:
FR = Financial Review

Intrusive practice used by American Express that requires you to submit tax information and bank statements or have your account terminated.

How does this happen?

Re: FR?

Anonymous — Wed, 15 Feb 2012 04:48:45 GMT

@corymcd88 wrote:
@Anonymous wrote:
FR = Financial Review

Intrusive practice used by American Express that requires you to submit tax information and bank statements or have your account terminated.
How does this happen?

lol, nobody really knows what triggers an FR. It's one of the mysteries of AMEX.

Re: FR?

Anonymous — Wed, 15 Feb 2012 04:49:20 GMT

@corymcd88 wrote:
@Anonymous wrote:
FR = Financial Review

Intrusive practice used by American Express that requires you to submit tax information and bank statements or have your account terminated.
How does this happen?

Usually when you need it least. Like at a restaurant and your paying in front of your boss. Or when you leave the country and have no other cards. You find out when a charge is denied. When you call to ask why they tell you that your the lucky winner of a FR and must submit tax returns within 7 days. If not your accounts are terminated.

Re: FR?

missji — Wed, 15 Feb 2012 05:12:48 GMT

Are FRs done only on charge accounts without a preset limit or does Amex also FR credit cards?

Re: FR?

Anonymous — Wed, 15 Feb 2012 05:14:33 GMT

Any Amex card can with the prize of FR Only requirement is that the card must be issued through Amex.

Re: FR?

missji — Wed, 15 Feb 2012 05:27:58 GMT

Wow. That's so mean of them. (demon on the shoulder said that for me) But I guess they are just protecting their interests...(angel on the other shoulder helped me with that.) Although perhaps arbitrarily and unecessarily...(I said that on my own...)

Re: FR?

Anonymous — Wed, 15 Feb 2012 05:38:07 GMT

You can greatly increase your chances of an FR by requesting stratospheric credit limits, charging an entire family vacation within a couple weeks of opening an account, paying your casino marker with your amex...etc.

Re: FR?

Anonymous — Wed, 15 Feb 2012 05:39:11 GMT

@Anonymous wrote:
You can greatly increase your chances of an FR by requesting statospheric credit limits, charging an entire family vacation within a couple weeks of opening an account, paying your casino marker with your amex...etc.

Uh oh...Ive already hit my limit when they wouldnt accept payment. I plan on using platinum for the fine hotels and resorts feature. Im not really worried about it though.

Re: FR?

corymcd88 — Wed, 15 Feb 2012 05:47:33 GMT

I think what is the sad part is that people that have had there card for 10+ years have gone thru this and were never late. I can see if you are late or your payment is returned unpaid going thru this but good paying people. I just got an AMEX card yesterday and I will be worried all the time now, I with I never asked what is "FR"!!! One more thing for me to wirey about! What about all the people that buy something for someone and you get pay back? I have had my uncle want me to pick out a computers for him at the store and he would pay me back because he was working and did not know what to buy. I can't do that with out worrying about it. Makes me sad I applied.

Re: FR?

Anonymous — Wed, 15 Feb 2012 05:49:54 GMT

@Anonymous wrote:
@Anonymous wrote:
You can greatly increase your chances of an FR by requesting statospheric credit limits, charging an entire family vacation within a couple weeks of opening an account, paying your casino marker with your amex...etc.

Uh oh...Ive already hit my limit when they wouldnt accept payment. I plan on using platinum for the fine hotels and resorts feature. Im not really worried about it though.

Did you get FR?

Re: FR?

corymcd88 — Wed, 15 Feb 2012 05:55:05 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
You can greatly increase your chances of an FR by requesting statospheric credit limits, charging an entire family vacation within a couple weeks of opening an account, paying your casino marker with your amex...etc.

Uh oh...Ive already hit my limit when they wouldnt accept payment. I plan on using platinum for the fine hotels and resorts feature. Im not really worried about it though.

Did you get FR?

No, but my luck I will get one after two day of the account opened. LOL.

Re: FR?

Anonymous — Wed, 15 Feb 2012 06:05:25 GMT

@corymcd88 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
You can greatly increase your chances of an FR by requesting statospheric credit limits, charging an entire family vacation within a couple weeks of opening an account, paying your casino marker with your amex...etc.

Uh oh...Ive already hit my limit when they wouldnt accept payment. I plan on using platinum for the fine hotels and resorts feature. Im not really worried about it though.

Did you get FR?
No, but my luck I will get one after two day of the account opened. LOL.

Assuming you drive.

You could get into a traffic accident and die...does it stop you from driving?

Re: FR?

Ron1 — Wed, 15 Feb 2012 06:33:57 GMT

Some people got FR when they activated the card. You might get more chance when you are a new member. Just be careful how to use the card for the first few months. You should be ok.

Ron.

Re: FR?

Anonymous — Wed, 15 Feb 2012 06:48:53 GMT

@Ron1 wrote:
Some people got FR when they activated the card. You might get more chance when you are a new member. Just be careful how to use the card for the first few months. You should be ok.

Ron.

This is also known as 'amex thinks you are exaggerating your income....by a lot.'

Re: FR?

improvingmycredit — Wed, 15 Feb 2012 06:49:40 GMT

I've been through an FR. Got it the first week I had the card. It's painless... just frustrating to have a denial at point of sale. If you are honest on your apps, you will have no problem. As stated to me by the rep: treat your new card like a new pair of shoes. break them in slowly so that Amex can get a chance to see your spending habits.

You shouldn't worry about having this happen to you. I don't and I've had it happen to me.

I think that you will see, Amex is a great company to be in partnership with... as they get to know me, (only had the cards for a couple of months) they wil treat me very well I suspect.

Re: FR?

Anonymous — Wed, 15 Feb 2012 07:14:04 GMT

@improvingmycredit wrote:
I've been through an FR. Got it the first week I had the card. It's painless... just frustrating to have a denial at point of sale. If you are honest on your apps, you will have no problem. As stated to me by the rep: treat your new card like a new pair of shoes. break them in slowly so that Amex can get a chance to see your spending habits.
You shouldn't worry about having this happen to you. I don't and I've had it happen to me.
I think that you will see, Amex is a great company to be in partnership with... as they get to know me, (only had the cards for a couple of months) they wil treat me very well I suspect.

Do you know what triggered your FR?

Re: FR?

Ron1 — Wed, 15 Feb 2012 07:19:47 GMT

@Anonymous wrote:
@Ron1 wrote:
Some people got FR when they activated the card. You might get more chance when you are a new member. Just be careful how to use the card for the first few months. You should be ok.

Ron.
This is also known as 'amex thinks you are exaggerating your income....by a lot.'

Not only that. Overspending on the card (like $20K/month).

Ron.