Amex FR

[jrrsmith18]

Well just survived the dreaded Amex FR and I think I'm the first in saying I'm glad it happened. A bit of backstory... so the FR came about because my authorized users were making a lot of purchases and they were just concerned with my ability to pay Anerican Express back if I were stuck with the bill. I was a bit scared because I reported my estimated income this year which is almost 3x more than what my last years tax return said. I was told that as long as the IRS sent them some kind of income reported the accounts would not be closed but a limit would be placed. Just got the email on the limits and I'm more than happy with them, 8k on my Amex Plat and 5k on my PRG with authorized users. And now it tells me available credit on both accounts which I prefer because i like knowing how much I can spend on a card. All in all only took 5 days and I'm none the less disappointed with Amex. Just thought I balance out all the bad stories I've read about the FR when my accounts were suspended.

[CreditCuriosity]

Glad you survived.

Reporting 3x your income when applying was a bit of a streatch wasn't it?  Suprised you came out as you did with that big "fib" on the application.  Glad it worked out none the less as I hate to see bad things happen to anyone

[Anonymous]

---

@CreditCuriousity wrote:

Glad you survived.

Reporting 3x your income when applying was a bit of a streatch wasn't it?  Suprised you came out as you did with that big "fib" on the application.  Glad it worked out none the less as I hate to see bad things happen to anyone

---

Agreed, The AmEx I grew up with would have sent a guy to your house with a high power blender to shred your cards and closed the accounts immediately for that kind of income fudging.

[NRB525]

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

Glad you survived.

Reporting 3x your income when applying was a bit of a streatch wasn't it?  Suprised you came out as you did with that big "fib" on the application.  Glad it worked out none the less as I hate to see bad things happen to anyone

---

Agreed, The AmEx I grew up with would have sent a guy to your house with a high power blender to shred your cards and closed the accounts immediately for that kind of income fudging.

---

Except that OP hasn't said what 3x last years tax return would be. The spend limits are $8k and $5k and those are fine with OP? Perhaps the 3x income this year is not saying OP is going to make $500k?

[CreditCuriosity]

---

@NRB525 wrote:

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

Glad you survived.

Reporting 3x your income when applying was a bit of a streatch wasn't it?  Suprised you came out as you did with that big "fib" on the application.  Glad it worked out none the less as I hate to see bad things happen to anyone

---

Agreed, The AmEx I grew up with would have sent a guy to your house with a high power blender to shred your cards and closed the accounts immediately for that kind of income fudging.

---

Except that OP hasn't said what 3x last years tax return would be. The spend limits are $8k and $5k and those are fine with OP? Perhaps the 3x income this year is not saying OP is going to make $500k?

---

A fib is still a fib and not painting a realistic income picture when they applied for the cards.  Doesn't make it any better even if OP made 100k at the time they applied and put 300k as income(just a random number).  Is that a way of building a relationship?  Suprised they didn't get completly shut down.

[NRB525]

---

@CreditCuriousity wrote:

---

@NRB525 wrote:

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

Glad you survived.

Reporting 3x your income when applying was a bit of a streatch wasn't it?  Suprised you came out as you did with that big "fib" on the application.  Glad it worked out none the less as I hate to see bad things happen to anyone

---

Agreed, The AmEx I grew up with would have sent a guy to your house with a high power blender to shred your cards and closed the accounts immediately for that kind of income fudging.

---

Except that OP hasn't said what 3x last years tax return would be. The spend limits are $8k and $5k and those are fine with OP? Perhaps the 3x income this year is not saying OP is going to make $500k?

---

A fib is still a fib and not painting a realistic income picture when they applied for the cards.  Doesn't make it any better even if OP made 100k at the time they applied and put 300k as income(just a random number).  Is that a way of building a relationship?  Suprised they didn't get completly shut down.

---

It depends on the quality of the estimate of how much OP's income will be this year.

[CreditCuriosity]

Not really important.. The OP came out ok after all..  I personally would not do it, but he/she did and just ended up getting hard limits..  That is what is important and not what I or you or anyone else really thinks other than Amex in this case.  Obviously it didn't bother them that much.   Also appears like most of us know that AU spending alot on an account usually more than primary card holder is a major factor that causes Amex to do a FR.

[jrrsmith18]

Whoops, may have forgotten to include that last year I just graduated college and was only working part time, my 2014 return shows that. And just earlier this year is when I got a better job making 3x as I did last year, it's just that since taxes aren't due for a while there was no way for me to prove my increase in pay. I have ran a lot through the cards so they prob didn't lean on my 2014 returns because it would be impossible to run as much as I do now and only make what I did last year.

[CreditCuriosity]

---

@jrrsmith18 wrote:

Whoops, may have forgotten to include that last year I just graduated college and was only working part time, my 2014 return shows that. And just earlier this year is when I got a better job making 3x as I did last year, it's just that since taxes aren't due for a while there was no way for me to prove my increase in pay. I have ran a lot through the cards so they prob didn't lean on my 2014 returns because it would be impossible to run as much as I do now and only make what I did last year.

---

Thanks for the additional info.  Paints a better picture and explanation.

[Anonymous]

Congrats on coming through your FR!!! Keep up the good work!!!