topic Re: amex fr problem in Credit Cards

amex fr problem

Simplyjays — Mon, 25 Feb 2013 00:40:09 GMT

just got approved for amex green card but... im self employed and dont have my 4506-t form yet but my accountant can provide a profit and loss file.. will that be acceptable for amex incase they feel the curious need to FR me..? can also provide bank statements from personal and business which business deposits and electronic deposits are over 200k a year much more then i listed on the application when i got approved.. this infamous fr has me freaked out... -.-

tips and answers apprecated!

Re: amex fr problem

Swapmeet — Mon, 25 Feb 2013 00:55:25 GMT

Why are you so worried about an FR? Despite some noise on the forums sometimes, they are not all that common....

Re: amex fr problem

Simplyjays — Mon, 25 Feb 2013 01:04:45 GMT

LOL why wouldnt i dont you see all the FR prophets we have on this site? its enough to mark the ending days of our amex cards! =/

Re: amex fr problem

GoldenloveNY — Mon, 25 Feb 2013 01:12:44 GMT

You mean to tell me they haven't FR you yet? This is strange indeed. I'll be worry if I was you.....

Re: amex fr problem

Swapmeet — Mon, 25 Feb 2013 01:11:53 GMT

Don't worry about it bro. I started getting nervous when I was reading some of the propaganda on here, but I noticed that most people ranting about it have not even had an FR. In fact, some have not even had an AMEX...lol.

Re: amex fr problem

myjourney — Mon, 25 Feb 2013 01:13:10 GMT

@Swapmeet wrote:
Don't worry about it bro. I started getting nervous when I was reading some of the propaganda on here, but I noticed that most people ranting about it have not even had an FR. In fact, some have not even had an AMEX...lol.

So true

Re: amex fr problem

Simplyjays — Mon, 25 Feb 2013 01:13:50 GMT

see LOL! doomsday is to come with comments like that

Re: amex fr problem

myjourney — Mon, 25 Feb 2013 01:16:02 GMT

I also wouldn't worry about it as swapmeet said take some of it with a grain of salt

Re: amex fr problem

LS2982 — Mon, 25 Feb 2013 01:20:15 GMT

Rules of thumb with AMEX to avoid FR:

-PIF. Even on revolvers. AMEX hates balances that go over a period of time.

-Never overstate your income on an app. It will haunt you in the long run. If you think AMEX does not have people analyzing your spending habits think again.

-Keep your file clean. AMEX is notorious for SP'ing constantly on someone's file. They keep a close eye on you.

You keep these bullets in mind you'll avoid an FR. Simple as that.

Re: amex fr problem

j_casteel — Mon, 25 Feb 2013 01:28:37 GMT

If you're so worried about being FR'd then why get an AMEX.

FYI, if you are going to run a business with it then I would get a business card from them or they will catch on and shut you down.

Re: amex fr problem

Anonymous — Mon, 25 Feb 2013 01:33:08 GMT

@Simplyjays wrote:
just got approved for amex green card but... im self employed and dont have my 4506-t form yet but my accountant can provide a profit and loss file.. will that be acceptable for amex incase they feel the curious need to FR me..? can also provide bank statements from personal and business which business deposits and electronic deposits are over 200k a year much more then i listed on the application when i got approved.. this infamous fr has me freaked out... -.-

tips and answers apprecated!

This is exactly why Amex behave the way they do. People buy into their delusion of grandeur. At the end of the day they are just another credit card company. I currently have the Amex Zync w/ NPSL. I would NEVER comply an Amex FR. Not because I have something to hide but just out of principle. I would gladly dump their plastic if I have to. You have to wonder the depesration of someone who would turn over 3 years of their tax return just to keep a credit card. There are far too many credit products on the market to put up with that crap... some with much better rewards and features than Amex. Whatever is on my taxes is between me, my family, and Uncle Sam. The only way I would even conceive of giving my tax returns to a creditor is if it is direclty connected to the acquisition of a tangible asset like a house for example... but for a revolving line of credit? HELL NO!!

Re: amex fr problem

LS2982 — Mon, 25 Feb 2013 01:46:40 GMT

@Anonymous wrote:
@Simplyjays wrote:
just got approved for amex green card but... im self employed and dont have my 4506-t form yet but my accountant can provide a profit and loss file.. will that be acceptable for amex incase they feel the curious need to FR me..? can also provide bank statements from personal and business which business deposits and electronic deposits are over 200k a year much more then i listed on the application when i got approved.. this infamous fr has me freaked out... -.-

tips and answers apprecated!
This is exactly why Amex behave the way they do. People buy into their delusion of grandeur. At the end of the day they are just another credit card company. I currently have the Amex Zync w/ NPSL. I would NEVER comply an Amex FR. Not because I have something to hide but just out of principle. I would gladly dump their plastic if I have to. You have to wonder the depesration of someone who would turn over 3 years of their tax return just to keep a credit card. There are far too many credit products on the market to put up with that crap... some with much better rewards and features than Amex. Whatever is on my taxes is between me, my family, and Uncle Sam. The only way I would even conceive of giving my tax returns to a creditor is if it is direclty connected to the acquisition of a tangible asset like a house for example... but for a revolving line of credit? HELL NO!!

Can I get an AMEN TO THAT!!!!!!!!!!!!!!!!!!!!!

Re: amex fr problem

Anonymous — Mon, 25 Feb 2013 01:52:00 GMT

Amen...if AMEX ever FR me, I couldn't tell them to F themelves fast enough.

Re: amex fr problem

Simplyjays — Mon, 25 Feb 2013 02:26:20 GMT

amen if they FR me ill hold on to my nuts tightly and and refuse! woot lmao thanks guys!

Re: amex fr problem

NewbieReed — Mon, 25 Feb 2013 02:34:19 GMT

LS2982

ROTFL!! LOL. made me crack up 4real.

Re: amex fr problem

koalablue — Mon, 25 Feb 2013 03:01:38 GMT

I'd cooperate with an FR because I like my Amex cards and want to keep them, but that's just me. It would be worth it to me to keep the cards.

Re: amex fr problem

Anonymous — Mon, 25 Feb 2013 03:32:35 GMT

If most people told Amex to "eat it" every time they pulled an FR they'd be out of business. But people love sucking up to them because they think they are the card of the affluent or something. Like the person before me, if they ever pull an FR I'm going to fax them the words "bwahahahaha" on my documents.

Re: amex fr problem

gpfirestone — Mon, 25 Feb 2013 03:43:01 GMT

Getting a FR from amex is not that common. You are really not at risk being a new member. Just use the card sparingly at first, no more than a few thousand each month. Increase what you spend per month slowly. I learned the hard way by going from monthly spend of $2000 to $20000 which triggered a FR. Fortunately I passed with flying colors but my understanding is that they won't FR you unless they notice some irregularity in your account.

Re: amex fr problem

gpfirestone — Mon, 25 Feb 2013 03:44:36 GMT

btw Casteel, you can even call Amex and verify with them, they have no problem with people using personal cards as cards for their business expenses. to them it is irrelevant and this is their company policy.

Re: amex fr problem

Open123 — Mon, 25 Feb 2013 03:47:41 GMT

I would just use the card for "normal" purchases and not give FR a second thought. Aside from the internet, in my entire life, I've never even heard of FR, let alone know of anyone whose gone through it.