Amex FRing me! What's up with that?

[bichonmom]

Wow! What a hassle. Amex was on my "goal list" of CCs, but maybe not so much. I've just read about too many problems people have had with them that are completely unprovoked. It would totally mess with the AAoA to get a card, only to have it cancelled a week later due to a FR.

[Anonymous]

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@bichonmom wrote:

Wow! What a hassle. Amex was on my "goal list" of CCs, but maybe not so much. I've just read about too many problems people have had with them that are completely unprovoked. It would totally mess with the AAoA to get a card, only to have it cancelled a week later due to a FR.

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But the 6% cash back from grocery shopping and 3% for gas stations/department stores is so tempting!

Then again, I know I'm not even close to getting approved for BCP yet.

[sandsanta]

Hmm. I got a Zync, Gold and BCE in the same week and then added a Discover More and Visa Sig.  I wonder what fun's going to wait for me when I buy a cup of coffee.  They'll probably want DNA verification of my humanity.  

[improvingmycredit]

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@sandsanta wrote:

Hmm. I got a Zync, Gold and BCE in the same week and then added a Discover More and Visa Sig.  I wonder what fun's going to wait for me when I buy a cup of coffee.  They'll probably want DNA verification of my humanity.  

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LOL... better study for that DNA test.. it definitely involves a pen and an fax machine.  HAHA.  Thanks for the laugh.

[mxp114]

If they FR me, I will close out and never look back. Companies can only do stuff they can get away with, if enough people began closing down accounts, I bet they would cease the practice altogether. Or just wait for a politician to get FR, then they will push for legislation to regulate the practice.

[LS2982]

AMEX has really lost its luster to me. Don't think I want one.

[rbizzle]

Makes me think twice about having my zync card anymore

[Anonymous]

I never have understood the public angst against AmEx FRs. It is a company, notoriously known in the past to be a conservative lender. These days, I think most will agree, they are trying to 'extend' their reach by making some products available to people who probably would not have gotten those cards in the credit market of yesteryear.

In exchange for taking a bit more risk, they are keeping tight reigns on the financial outlook of a lot more customers now. I can understand it completely.

I have had an AmEx Green since July myself, no problems with it yet. And I've gotten 2 cards since then. If they decide to FR me, I'll give them the info they want, and  consider it a sound business decision to assure they are not extending themselves to a dead end. It wouldn't offend me one bit.

[scottwagnon]

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@Anonymous wrote:

I never have understood the public angst against AmEx FRs. It is a company, notoriously known in the past to be a conservative lender. These days, I think most will agree, they are trying to 'extend' their reach by making some products available to people who probably would not have gotten those cards in the credit market of yesteryear.

In exchange for taking a bit more risk, they are keeping tight reigns on the financial outlook of a lot more customers now. I can understand it completely.

I have had an AmEx Green since July myself, no problems with it yet. And I've gotten 2 cards since then. If they decide to FR me, I'll give them the info they want, and  consider it a sound business decision to assure they are not extending themselves to a dead end. It wouldn't offend me one bit.

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its not that its offensive. i dont' find it offensive at all. a bit intrusive, yes, but not offensive. the objective of extending credit is a profit/risk venture that in its own nature is not 'sound'. i suppose suggest fighting this is not what i really meant to suggest; but rather be more intolerant of FRing and simply refuse to go with it. i don't wish to give in to a cumbersome process that is time and money consuming. i have money manager with amex; this gives them a constant and pinpoint accurate portfolio of ALL of my available finances.(even the joint account that i share). IF THIS ISN'T ENOUGH FOR THEM, then to hades with them. obviously i am considered too much of a risk, and will gladly reapply when i am eligble to reapply. i don't mind that they don't feel i am worth the risk/profit. as far as i am concerned, they are doing exactly what they need to do by closing my account. i would then hope i would eventually make the grade.

[Anonymous]

Damn. I would never send in that much information. I would call and complain and bitch and moan til they did something less drastic than close my account. If they think you're a risk why don' t they just put a limit on the card or stop approving charges.