American Express Financial Review Question.

Anonymous · ‎11-02-2014

I recently Applied for an Amex BCE. I wasn't aware that they financially reviewed unlike other credit institutions whom rarely do so. I didn't lie on my annual income, but I've only ever had my first job this year. So I currently have no tax information with the IRS and wont for some time. What would happen if I recieved this review in the time period between now and when my IRS information is not avialable. Thank you very much for everyone who contributes to this topic and thread.

Anonymous · ‎11-03-2014

@Anonymous wrote:
I recently Applied for an Amex BCE. I wasn't aware that they financially reviewed unlike other credit institutions whom rarely do so. I didn't lie on my annual income, but I've only ever had my first job this year. So I currently have no tax information with the IRS and wont for some time. What would happen if I recieved this review in the time period between now and when my IRS information is not avialable. Thank you very much for everyone who contributes to this topic and thread.

Don't let AMEX stress you out, if they bother you then close them, is their loss....

Anonymous · ‎11-03-2014

It won't stress me out after I file for the first time. I just hope I don't get reviewed prior to the end of the January billing statement. The only reason I applied to amex was backdating.

youdontkillmoney · ‎11-03-2014

@Anonymous wrote:
I recently Applied for an Amex BCE. I wasn't aware that they financially reviewed unlike other credit institutions whom rarely do so. I didn't lie on my annual income, but I've only ever had my first job this year. So I currently have no tax information with the IRS and wont for some time. What would happen if I recieved this review in the time period between now and when my IRS information is not avialable. Thank you very much for everyone who contributes to this topic and thread.

^^^^^

Then you speak the truth, hopefully on the app you put the number of years at the current job as a reaosnable amount of time, meaning the truth.

Say this is my income, it is my first job so I've been here x months, and I haven't filed income taxes; they will ask for a pay stub copy then to est. income/prove income

takeshi74 · ‎11-03-2014

The general fear of FR is overblown here. Worry about it if it happens. They don't just randomly FR -- you'd have to give them cause.

Even in January your 2014 transcript won't be available/accepted. According to what AmEx states they're not available/accepted until August/September.

Blodreina · ‎11-03-2014

@takeshi74 wrote:
The general fear of FR is overblown here. Worry about it if it happens. They don't just randomly FR -- you'd have to give them cause.

Even in January your 2014 transcript won't be available/accepted. According to what AmEx states they're not available/accepted until August/September.

I prefer not to have an Amex because of Murphy's Law. One should assume that the worst that could happen, will happen. Because said review is possible, I operate under the assumption that it will occur.

But that's just me.

Jlu · ‎11-03-2014

@Simba501 wrote:
@takeshi74 wrote:
The general fear of FR is overblown here. Worry about it if it happens. They don't just randomly FR -- you'd have to give them cause.

Even in January your 2014 transcript won't be available/accepted. According to what AmEx states they're not available/accepted until August/September.
I prefer not to have an Amex because of Murphy's Law. One should assume that the worst that could happen, will happen. Because said review is possible, I operate under the assumption that it will occur.

But that's just me.

How do you manage to leave your house? I mean, you can get hit by a mack truck while crossing the street.

Just because a dozen people on a CC forum have been FR'd doesn't mean that any significant majority of AMEX's 100+ million customers are FR'd.

longtimelurker · ‎11-03-2014

@Jlu wrote:
@Simba501 wrote:
@takeshi74 wrote:
The general fear of FR is overblown here. Worry about it if it happens. They don't just randomly FR -- you'd have to give them cause.

Even in January your 2014 transcript won't be available/accepted. According to what AmEx states they're not available/accepted until August/September.
I prefer not to have an Amex because of Murphy's Law. One should assume that the worst that could happen, will happen. Because said review is possible, I operate under the assumption that it will occur.

But that's just me.
How do you manage to leave your house? I mean, you can get hit by a mack truck while crossing the street.

Just because a dozen people on a CC forum have been FR'd doesn't mean that any significant majority of AMEX's 100+ million customers are FR'd.

Because if he/she stays in, that Mack truck is going to plow into the house and explode.

But yes, I agree, Amex FR is rare and not the end of the world if it does occur. And sometimes they just close your card like other companies..

Open123 · ‎11-03-2014

@longtimelurker wrote:
But yes, I agree, Amex FR is rare and not the end of the world if it does occur. And sometimes they just close your card like other companies..

Right, just use the card, reap the benefits, and if a FR ever ensues, cancel your account if the price of disclosing your financials aren't commensurate with the rewards.

Anonymous · ‎11-03-2014

I would love to show them my records if they asked. I have nothing to hide. On the app they never asked how long my job has been or when I started.