topic Re: American Express F/R in Credit Cards

American Express F/R

Anonymous — Fri, 02 Nov 2012 20:51:13 GMT

I have never posted on here before but I have read a few things here and there and just thought I would post this.

I have had my Amex Green card for about 3 months now. I would say at most I never put more than $100 per month on it. I only got gas twice with it just to use it. I have much better cards then this for rewards. Out of nowhere I got a call from them and they were doing a F/R on my account and wanted all this information I was already telling myself I was not going to give it to them. He asked how much I make and where work I guess to see if it matched what I put on my app. It did. Then he asked for that request for transcript of tax return. At this point I told him “I have no intention what so ever to give this to you and you can just close my account now if you like.” It’s almost as if he never heard somebody say that. I then told him. “For the last few months have not put more than $100 on it and I have much better cards then this Amex from Chase, BoA, Citi and Discover just to name four and I don’t need this card. I’ll think about sending you this information but I don’t think I will.” Then just hung up the phone. At this time my account is still open and I really don’t care if they close it as I said I have much better cards then there Amex and just wanted one to have a MC, V, Discover and Amex. But oh well I can live without one.

What I just can’t understand is why they would do something like that to somebody that is just spending no more than $100 a month? There’s no way I would give anybody my taxes like that so they can just leave it setting in a fax machine for anybody to look at. I would just use my bank card if it came to that.

Re: American Express F/R

Happychap — Fri, 02 Nov 2012 21:08:55 GMT

I dont blame you. I did exactly the same, and I also only used the card oce or twice before i got F/R. I told them to stick it where the sun don't shine afterall I had much better cards.

Re: American Express F/R

Anonymous — Fri, 02 Nov 2012 22:11:16 GMT

@Happychap wrote:
I dont blame you. I did exactly the same, and I also only used the card oce or twice before i got F/R. I told them to stick it where the sun don't shine afterall I had much better cards.

And as if me sending it to them was not good enough. They wanted that form so they could get it on there own. Sorry not going to happen.

Re: American Express F/R

Anonymous — Fri, 02 Nov 2012 21:34:13 GMT

I wouldn't comply with an F/R either, good decision.

Re: American Express F/R

bahbahd — Fri, 02 Nov 2012 22:22:45 GMT

Please define F/R. I've not seen this abbreviation before.

Re: American Express F/R

injustifiiable — Fri, 02 Nov 2012 22:26:54 GMT

@bahbahd wrote:
Please define F/R. I've not seen this abbreviation before.

Financial Review. They basically ask for last year's tax information to make sure your income matches (or is close to) what you stated on the app)

Re: American Express F/R

nada9188 — Fri, 02 Nov 2012 22:51:38 GMT

No real loss for you or Amex then. I truly believe that the trigger for a f/r is info reported on your credit. In fact, this post is practically proof of that.

Re: American Express F/R

JonStur — Fri, 02 Nov 2012 23:06:20 GMT

Good for U..if its not that vital to have it don't stress it..

Re: American Express F/R

Anonymous — Fri, 02 Nov 2012 23:13:05 GMT

@nada9188 wrote:
No real loss for you or Amex then. I truly believe that the trigger for a f/r is info reported on your credit. In fact, this post is practically proof of that.

How does this post prove that? Depending on what cards he has with those banks he could very well have excellent credit. If you don't mind me asking what cards do you have with them?

Re: American Express F/R

Anonymous — Fri, 02 Nov 2012 23:16:46 GMT

Maybe you can get your last AF refunded

Re: American Express F/R

Wahoo — Fri, 02 Nov 2012 23:53:56 GMT

twelthjoe2 how do you get your siggy to look like that?

OP did your utlization jump on other cards or did a negative post on another account? Maybe it took them 3 months for the system to figure out you had a card closed (possibly for a loss) 20 years ago.

Re: American Express F/R

Anonymous — Sat, 03 Nov 2012 00:42:42 GMT

@Wahoo wrote:
twelthjoe2 how do you get your siggy to look like that?

OP did your utlization jump on other cards or did a negative post on another account? Maybe it took them 3 months for the system to figure out you had a card closed (possibly for a loss) 20 years ago.

NO I have had less then 10% utlization for years. Never had an account closed and never once missed a payment and have paid 3 car lones off. Not one bad mark on my credit report at all.

As far as my other cards I have:

Chase Sapphire Preferred

BankAmericard Privileges Cash Rewards

Citi Thank You

Citi Simplicity

VentureOne Rewards

Discover More

All have a CL over $12,000 but the capital one at 10k.

Re: American Express F/R

Anonymous — Sat, 03 Nov 2012 00:44:45 GMT

@Anonymous wrote:
@nada9188 wrote:
No real loss for you or Amex then. I truly believe that the trigger for a f/r is info reported on your credit. In fact, this post is practically proof of that.
How does this post prove that? Depending on what cards he has with those banks he could very well have excellent credit. If you don't mind me asking what cards do you have with them?

Chase Sapphire Preferred

BankAmericard Privileges Cash Rewards

Citi Thank You

Citi Simplicity

VentureOne Rewards

Discover More

All have a CL over $12,000 but the capital one at 10k.

Re: American Express F/R

Anonymous — Sat, 03 Nov 2012 00:50:36 GMT

@Wahoo wrote:
twelthjoe2 how do you get your siggy to look like that?

OP did your utlization jump on other cards or did a negative post on another account? Maybe it took them 3 months for the system to figure out you had a card closed (possibly for a loss) 20 years ago.

I made it. I'll make anybody one that wants one. Just PM me what cards you have and there limits. Up to 7 cards can be done so PM your your most prime cards and I'll make you one.

Re: American Express F/R

nada9188 — Sat, 03 Nov 2012 01:36:23 GMT

300 spend doesn't trigger a fr. Simple as that. Uti and inq are the largest culprits.

Re: American Express F/R

Anonymous — Sat, 03 Nov 2012 01:49:58 GMT

@nada9188 wrote:
300 spend doesn't trigger a fr. Simple as that. Uti and inq are the largest culprits.

Been at less then 10% uti for more then two years now. When I got the Amex there was only two there inq made 3. I don't I understand it.

Re: American Express F/R

trumpet-205 — Sat, 03 Nov 2012 01:55:48 GMT

@Anonymous wrote:
All have a CL over $12,000 but the capital one at 10k.

This is probably one of the reason. You have large amount of credit at your disposal. So in theory you could rack up large amount of debt and go BK.

For example, BofA wrote this down on my credit card statements,

"Because lenders issue credit in different ways, it may be helpful to reduce the number of credit card accounts you have open. Lenders see your total available credit lines and know you could run up charges quickly on any open account. Your available credit may impact their lending decision."

Re: American Express F/R

youngandcreditwrthy — Sat, 03 Nov 2012 01:58:22 GMT

Interesting. Seems like this "too much avail credit" is beginning to become an issue. Discover even recently told me that I would have gotten a higher initial limit than $4k if I would have had smaller lines on other cards.

But back to the post:
You, sir, made the right decision. I recognize that they have the authority to request financial info., but if they can see that you have many other prime accounts handled responsibly...then they do not need those financials. Please let us know if your account remains open, closed, or gets a hard limit.

Re: American Express F/R

Anonymous — Sat, 03 Nov 2012 02:43:10 GMT

Too much avail Credit...One of the many reasons why I do NOT want CLs reporting. <-- was subject of another thread

Re: American Express F/R

youngandcreditwrthy — Sat, 03 Nov 2012 02:58:46 GMT

Lol true dat. I'm just gonna start requesting clds on my store cards (I have prob $30k-40k of store cred avail) in a few months if I start getting roadblocked like that. Mehh