how to avoid AMex FR

[haulingthescoreup]

Anderson, your thing seemed different from the financial reviews. Did you ever figure out what on earth it was all about?

You haven't been shopping for washing machines, have you??

[Anonymous]

Ha! No washing machines....that's your territory. 

No, don't know what the trigger was. I believe it was CynicalOne who suggested it was the luck of the draw. Lucky me.

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haulingthescoreup wrote:
Anderson, your thing seemed different from the financial reviews. Did you ever figure out what on earth it was all about?

You haven't been shopping for washing machines, have you??

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[Anonymous]

Howdy Folks,

I agree with most of the posts regarding FR.  Having been FR, I hit all the triggers.  I transfered close to $10K nearly maxing the card and received over $20K in credit in less than 3 days.

I passed the FR and nothing happened.  I still have a VERY large balance on my blue card and this is the only card I use.  I sometimes use my gold card but that's PIF.  I don't make large ;payments but I do pay more than the amount owed.

I figure next March when my Stang is paid for, I will be making some serious payments to get that balance down.

I have not heard anything from AMEX regarding my balances.  While I got a great rate, they are making a ton of money on my tail with interest! 

I feel never being late and paying more than due will keep me in their good graces.

They are a credit card company and they make a lot of money of folks like us paying interest! 

AMEX is my favorite credit card company and I plan on keeping my relationship with them rock solid.

I thank everyone for sharing their stories about AMEX.  I have learned a lot. 

A FR is not the end of the world, unless you don't pass.. LOL

[Anonymous]

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ragcajun wrote:

Howdy Folks,

I agree with most of the posts regarding FR.  Having been FR, I hit all the triggers.  I transfered close to $10K nearly maxing the card and received over $20K in credit in less than 3 days.

I passed the FR and nothing happened.  I still have a VERY large balance on my blue card and this is the only card I use.  I sometimes use my gold card but that's PIF.  I don't make large ;payments but I do pay more than the amount owed.

I figure next March when my Stang is paid for, I will be making some serious payments to get that balance down.

I have not heard anything from AMEX regarding my balances.  While I got a great rate, they are making a ton of money on my tail with interest! 

I feel never being late and paying more than due will keep me in their good graces.

They are a credit card company and they make a lot of money of folks like us paying interest! 

AMEX is my favorite credit card company and I plan on keeping my relationship with them rock solid.

I thank everyone for sharing their stories about AMEX.  I have learned a lot. 

A FR is not the end of the world, unless you don't pass.. LOL

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Thanks for a very informational post.  And yes, I agree that as long as you pay more than minimum payments and you balance keeps going down you should be fine.

[gNaRKiLL]

I was planning on using my card to make all my bill payments so I can rack up the rewards hopefully they dont nail me with an FR, oh well I didnt lie about anything on my app so they can check me if they want.

Message Edited by gNaRKiLL on 11-13-2007 08:32 PM

[Anonymous]

I read every AMEX thread that pops up and it seems that a lot of people that get FR are those who initially applied and were approved for a Delta AMEX card with a CL usually around 1-2K.  They then do the "Product Change" to the Blue Sky/Cash and then either ask for a CLI upon activation or on their 30 day mark.

I dont know why AMEX allows this "product change" as i honestly think this is really setting up their customers for failure.  If they are barely getting approved for the Delta (When i say "barely" i am meaning getting approved with their lowest CL of 1K), then i dont see how they are allowing this change to a higher card.

I think if you stay within your means, IE you apply for a Delta then stay there.  If you can apply for a Blue and get approved for that, then stay there.  But if get a lower card then try to sneak to a higher card, then if you get FRed it is all on you.

Now if you applied for the Delta and say after 6 months to a year later, after you have some creditbility with AMEX and established yourself, then i would understand the "product change" to a higher card, but i think if you try this within the first 30 days you are wrong.

I have a Blue Cash myself (only 4 months old) with a CL of 20K and i keep roughly 2-3k on there and charge about 3-5K a month.  I will/may PIF once my 0% runs out but right now i am trying to get them used to me spending a moderate amount on their card per month while maintaining a balance as well.

Again to each their own, but this is just another reason i think people are getting FRed. 

Robo

[kclb]

Looks like I might be under review as well since I'm a newbie. I got a 2k CL. More than likely, I will probably stick to the Delta since I always wanted a Amex card and I was denied many times before. I just hope to establish a good history with them.

[rred4]

sounds like very good advice, I got 3,400 cl . I will spend 1,000 a month then pay in full. I am only worried because my work history isn't so great and I just started my new job 3 months ago, but im going to stop the worrying and try to stay under the radar for 6 months. I will never ask for CLI because $3400 is more than enough than I need. Anything more is just to tempting

Message Edited by rred4 on 11-14-2007 01:33 AM

[Anonymous]

Using 1/3 of CL and PIF -
Amex loves you- after a few months of this they will CLI you.

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@rred4 wrote:

sounds like very good advice, I got 3,400 cl . I will spend 1,000 a month then pay in full. I am only worried because my work history isn't so great and I just started my new job 3 months ago, but im going to stop the worrying and try to stay under the radar for 6 months. I will never ask for CLI because $3400 is more than enough than I need. Anything more is just to tempting

Message Edited by rred4 on 11-14-2007 01:33 AM

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[rred4]

I wonder why they dont ask for all this info before they approve