Accidentally big time lied to AMEX....will it be a problem??

[CreditKick]

Saw that the CLI link was working for me, so asked for 34k from my current 12.... have read here that 35k or more may trigger financial review.  Filled out the income update, hit go, and got a request for bank access for verification.  Hm, so much for 35k.  I went ahead and allowed the access, and the request went to review.  Checked back each day just in case, and on the third day, I was poking around my account, and went to the update income page.  It was at this point that I realized that I inadvertently added decimal points to my request, and reported my income as 8.1 million.  They're certainly not going to be able to verify that!  So, Amex experts, do you think this will create problems for me, or will I be ok to try again after the denial?

[blindambition]

I would contact them and let them know. Honest mistake, and I'm sure you aren't the first. They can correct the income.

[coldfusion]

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@CreditKick wrote:

Saw that the CLI link was working for me, so asked for 34k from my current 12.... have read here that 35k or more may trigger financial review.  Filled out the income update, hit go, and got a request for bank access for verification.  Hm, so much for 35k.  I went ahead and allowed the access, and the request went to review.  Checked back each day just in case, and on the third day, I was poking around my account, and went to the update income page.  It was at this point that I realized that I inadvertently added decimal points to my request, and reported my income as 8.1 million.  They're certainly not going to be able to verify that!  So, Amex experts, do you think this will create problems for me, or will I be ok to try again after the denial?

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The ship has sailed, no need to worry about it.    I would just log in either online or using your phone app and update with your correct income in your profile, even if your income remained unchanged just type it in again and save it.   It shouldn't be a hard sell, if it came to that, that you simply just goofed and made an innocent mistake on your application.

CLI requests may trigger an AMEX request for income verification but that is not the same as an AMEX financial review, those can be quite invasive and the triggers are more aligned with suspicion of impending financial duress or of fraud and not a simple confirmation of income.

[creditgnome]

dk about amex and the CLI's.. i do know firsthand discover is a bank that will trigger FR's for small messups. literally watched someone get a 15k CL turned down at secured to unsecured phase because of a messup on the app. not income related. still triggered the 4506t. discover saw he already had visa sig cards and wanted to match the limits. 

[arifjk]

I thought I've read in this forum the max limit request to not trigger FR/AR for AMEX is $25k.  Is it $35k now?

[OmarGB9]

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@arifjk wrote:

I thought I've read in this forum the max limit request to not trigger FR/AR for AMEX is $25k.  Is it $35k now?

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It's been $35k, but it's not a hard limit. It's just speculation. Also, it's NOT an FR, merely income verification. Big difference. Income verification merely asks for a couple of bank statements or one time bank account access. FR is a full review wherein charging privileges are suspended and a income tax return is requested.

[mortimerwereback]

Curious... to what extent is the bank account access?  Is it just like having your online banking login?

[pizzadude]

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@mortimerwereback wrote:

Curious... to what extent is the bank account access?  Is it just like having your online banking login?

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Yes, basically it's "View-Only" access to your bank account, they can see balances, deposits, and likely all the same transactions that you see.

[CreditKick]

Update.... I updated income in the app, after a couple days, I accessed the cli link again, and was given the message that I was not eligible, as I had a request under review.  A couple days later, I tried it again, and was "instantly" approved from 12k to 34k.  Now my highest limit card, though I barely use it.

[mortimerwereback]

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@pizzadude wrote:

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@mortimerwereback wrote:

Curious... to what extent is the bank account access?  Is it just like having your online banking login?

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Yes, basically it's "View-Only" access to your bank account, they can see balances, deposits, and likely all the same transactions that you see.

Gotcha. Thanks for the information. I'd always wondered about this.

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