topic Re: Made a mistake with 3X Amex CLI in Credit Cards

Made a mistake with 3X Amex CLI

Anonymous — Wed, 27 Mar 2013 15:00:20 GMT

I was too eager and applied for 3X CLI with out reading about all the details. I've later learned that anything over 25k will cause an automatic FR. I asked for an increase from 12K -> 36K. Predictably, I got a 7-10 day message. It's been almost 2 weeks and I haven't gotten anything from AX. BTW, I'm totally OK with FR (which I assume is a income verification via Tax return summary from IRS.).

Should I contact AX?

Re: Made a mistake with 3X Amex CLI

Anonymous — Wed, 27 Mar 2013 15:08:21 GMT

@Anonymous wrote:
I was too eager and applied for 3X CLI with out reading about all the details. I've later learned that anything over 25k will cause an automatic FR. I asked for an increase from 12K -> 36K. Predictably, I got a 7-10 day message. It's been almost 2 weeks and I haven't gotten anything from AX. BTW, I'm totally OK with FR (which I assume is a income verification via Tax return summary from IRS.).

Should I contact AX?

If you have no problems with having a FR. I dont see any reason not to contact AMEX.

Re: Made a mistake with 3X Amex CLI

thom02099 — Wed, 27 Mar 2013 15:13:55 GMT

@Anonymous wrote:
I was too eager and applied for 3X CLI with out reading about all the details. I've later learned that anything over 25k will cause an automatic FR. I asked for an increase from 12K -> 36K. Predictably, I got a 7-10 day message. It's been almost 2 weeks and I haven't gotten anything from AX. BTW, I'm totally OK with FR (which I assume is a income verification via Tax return summary from IRS.).

Should I contact AX?

Frankly, I'd just let it be. You don't know for sure that it's a FR. Why initiate something that may be unnecessary? Leave the ball in the AMEX court until you hear from them.

Re: Made a mistake with 3X Amex CLI

Anonymous — Wed, 27 Mar 2013 15:15:39 GMT

Agreed.

Also, it is not the same FR as if they see you as a risk. If you do not provide the docs requested for increase, they just discard the request. At least that seems to be the way it goes based on other reports I've seen; I do not have first hand experience with this.

Re: Made a mistake with 3X Amex CLI

Anonymous — Wed, 27 Mar 2013 15:17:25 GMT

@thom02099 wrote:
@Anonymous wrote:
I was too eager and applied for 3X CLI with out reading about all the details. I've later learned that anything over 25k will cause an automatic FR. I asked for an increase from 12K -> 36K. Predictably, I got a 7-10 day message. It's been almost 2 weeks and I haven't gotten anything from AX. BTW, I'm totally OK with FR (which I assume is a income verification via Tax return summary from IRS.).

Should I contact AX?
Frankly, I'd just let it be. You don't know for sure that it's a FR. Why initiate something that may be unnecessary? Leave the ball in the AMEX court until you hear from them.

This is not an FR, merely income verifcation via IRS. If you don't supply the docs, your card will not be closed, you just won't get the CLI.

Re: Made a mistake with 3X Amex CLI

youngandcreditwrthy — Wed, 27 Mar 2013 17:30:53 GMT

Keep us updated!

Re: Made a mistake with 3X Amex CLI

distantarray — Wed, 27 Mar 2013 17:55:24 GMT

FR is nothing bad, just to people who have lied on their application. Regardless it's not end of the world, who knows this could work out better. Also remember if you ever apply for another increase don't ask over 50k, cause it won't be reported

Re: Made a mistake with 3X Amex CLI

sccredit — Wed, 27 Mar 2013 21:53:53 GMT

@distantarray wrote:
FR is nothing bad, just to people who have lied on their application.

That's not a fair statement at all.

Re: Made a mistake with 3X Amex CLI

Anonymous — Wed, 27 Mar 2013 22:37:38 GMT

@youngandcreditwrthy wrote:
Keep us updated!

I actually want the request to come from AX as I have no problem filling out 4506-t. It's just that it hasn't arrived at after two weeks.

Re: Made a mistake with 3X Amex CLI

youngandcreditwrthy — Wed, 27 Mar 2013 23:46:15 GMT

I see no harm in contacting them....
Just contact regular customer service and see what they say!
Is your contact info correct in their files?
I would double check.