**ONLY** IF YOU HAVE BEEN F/R'D BY AMEX

[touareger]

you were too agressive with Anderson.. Why?

 

I also believe that some card members do not say their whole story..

 

amex is not so stupid.

 

But if finally it is, i will start to forget my 3 credit cards home (blue cash, blue, one)

 

The truth is, that it s not wise ro build your credit kingdom on the Amex, BOA, chase.

 

Use them all, but do not trust them for the next day.

 

Well, I don't agree with you..........since many members have the same treatment from AE. I had a Blue and Costco AE. The blue went down from $6000 to $500 even without balance. I called to cancel. the Costco AE was carried balance (from Special BT offer)for past 18 mo. but I made payment like $500 or more. Finally I paid off on Jan. it was high utilization b/c AE kept cutting my credit line. it cut from $11900, $10000, $8000, $5000, to $500 now. I don't think AE is the bank you want to deal with honestly.

[bgreenlee]

Just got F/R'd

 

Clear - 2 years

Blue - 1 year

Plum - 6 months

 

Perfect Credit - Perfect History with Amex and all other creditors.

 

CSR stated that it was due to having a charge card (plum) which required more verification.

I told her I would not supply or give access to tax records, but would provide bank account records matched to my SS# proving several times more income than I was claiming. She almost went for it, but supervisor shot it down.

 

I told her I'll call back tomorrow.

I'm canceling all of the accounts.

[mnkybiznes]

Okay ....... maybe this is a trigger. Just three days after palcing a FA/SF on all of my reports, I'm being given the BIG financial review.

 

I mentioned to the rep that I had just placed these "freezes" on all three bureaus and was told that it's probably the reason for the F/R.

 

Just my .02!

[mnkybiznes]

I had perfect history the prior 6 months [ 39 ] ** [90.70%]

 

THEY ARE NOT PICKING ON "BAD" CUSTOMERS

 

 

They are picking Bad customers, Bad to them are customers who they aren't making any money off of. If you are using AMEX to flip balances and get low APRs and not really spending any money with them They consider you a bad customer..

 

I disagree ............. currently under review and am leaning more toward the "let's make sure you can afford this card before we let you run with it" stance ..

[Nek]

hmm..

 

ok.. let us see

\

i have too many recent accounts, 10+ hards and i applied for the starwoods and i got it.

 

i wait for them..

[byronm]

I got all my biz and personal cards FR'd. Just found out today so i'll post what they expect me to do.

[edm]

please tell us what happened since then.

generaaly it would be helpful to know what actions were taken later on.

 

Just got F/R'd

 

Clear - 2 years

Blue - 1 year

Plum - 6 months

 

Perfect Credit - Perfect History with Amex and all other creditors.

 

CSR stated that it was due to having a charge card (plum) which required more verification.

I told her I would not supply or give access to tax records, but would provide bank account records matched to my SS# proving several times more income than I was claiming. She almost went for it, but supervisor shot it down.

 

I told her I'll call back tomorrow.

I'm canceling all of the accounts.

[troylasvegas]

The new credit legislation should include a clause banning bait and switch with credit limits.

 

People should not have to do any such forced re-application unless their account is not paid on time.

 

It is ridiculous, and my solution is to report your main card stolen as soon as they pull this crap, and let them pay for whatever charges triggered their foolish presumptuousness.

[Stryker]

The new credit legislation should include a clause banning bait and switch with credit limits.

 

People should not have to do any such forced re-application unless their account is not paid on time.

 

It is ridiculous, and my solution is to report your main card stolen as soon as they pull this crap, and let them pay for whatever charges triggered their foolish presumptuousness.

 

 

Doing that borders on the unethical, and can backfire on you. Not a good idea, and certainly not one to be encouraged.

 

BTW, welcome (back) to CB!

[bgreenlee]

please tell us what happened since then.

generaaly it would be helpful to know what actions were taken later on.

 

Well, I canceled the accounts.

That was the end of it.

 

Has anyone reapplied after canceling or getting canceled during an F/R?

 

I'm thinking of biting the bullet and applying for an Amex card and seeing what they require of me.

[troylasvegas]

No, what's unethical is to close perfectly well managed, never late accounts.

 

My method simply causes them to ante up for their wilful transgression, merely to recover whatever damages you have incurred for being treated in an unprofessional manner, without having to start a legal proceeding.

[MarvBear]

No, what's unethical is to close perfectly well managed, never late accounts.

 

My method simply causes them to ante up for their wilful transgression, merely to recover whatever damages you have incurred for being treated in an unprofessional manner, without having to start a legal proceeding.

 

Any creditor on CHARGE or REVOLVING accounts may manage their portfolio however they see fit. If their customers do not like the creditors tactics, the consumer has the alternative to use credit products from another creditor that more closely suits what they imagine a creditor should do and be.

[troylasvegas]

You're absolutely right; and that's exactly why new laws are being passed in an effort to curtail some of the unethical, and wholly onesided alterations to previously agreed upon terms.

 

Think about it, Amex doesn't want you to default on them right? So, why default on your customers while their on vacation, or shopping? If they want trustworthy customers, they should not behave in an untrustworthy manner to those customers.

 

Re-apply people that don't pay their Amex bills on time, or ask for loan docs at account opening. It's that simple. But when people are in Las Vegas trying to book a room; they don't want to have to worry about having all of their credit cards just because some of them start to get hysterical at the drop of a dime.

[MarvBear]

You're absolutely right; and that's exactly why new laws are being passed in an effort to curtail some of the unethical, and wholly onesided alterations to previously agreed upon terms.

 

Think about it, Amex doesn't want you to default on them right? So, why default on your customers while their on vacation, or shopping? If they want trustworthy customers, they should not behave in an untrustworthy manner to those customers.

 

Re-apply people that don't pay their Amex bills on time, or ask for loan docs at account opening. It's that simple. But when people are in Las Vegas trying to book a room; they don't want to have to worry about having all of their credit cards just because some of them start to get hysterical at the drop of a dime.

 

 

 

Any creditor on CHARGE or REVOLVING accounts may manage their portfolio however they see fit. If their customers do not like the creditors tactics, the consumer has the alternative to use credit products from another creditor that more closely suits what they imagine a creditor should do and be.

[troylasvegas]

Marv, either you just like being the devil's advocate, or you need to do some meditation, and perhaps some research to be persuaded to come back from the dark side, and into the light.

 

http://articles.moneycentral.msn.com/Banki...dPractices.aspx

 

Sock drawer should not be a solution for companies that refused to have fair business dealings. That's where new legislation, and consumer protection comes in.

 

I already have a mortgage, I refuse to apply for another from American Express.

 

You want to be a parakeet, so I'll say it again:

 

1. Any pre-qualifications should be done prior to any limits being issued.

 

2. AMEX should not be randomly defaulting on their legit customers when they happen to be on vacation, or shopping.

 

And finally, how much is AMEX paying you to be thier parakeet?

[MarvBear]

Marv, either you just like being the devil's advocate, or you need to do some meditation, and perhaps some research to be persuaded to come back from the dark side, and into the light.

 

http://articles.moneycentral.msn.com/Banki...dPractices.aspx

 

Sock drawer should not be a solution for companies that refused to have fair business dealings. That's where new legislation, and consumer protection comes in.

 

I already have a mortgage, I refuse to apply for another from American Express.

 

You want to be a parakeet, so I'll say it again:

 

1. Any pre-qualifications should be done prior to any limits being issued.

 

2. AMEX should not be randomly defaulting on their legit customers when they happen to be on vacation, or shopping.

 

And finally, how much is AMEX paying you to be thier parakeet?

 

Any creditor on CHARGE or REVOLVING accounts may manage their portfolio however they see fit. If their customers do not like the creditors tactics, the consumer has the alternative to use credit products from another creditor that more closely suits what they imagine a creditor should do and be.

[MarvBear]

Marv, either you just like being the devil's advocate, or you need to do some meditation, and perhaps some research to be persuaded to come back from the dark side, and into the light.

 

http://articles.moneycentral.msn.com/Banki...dPractices.aspx

 

Sock drawer should not be a solution for companies that refused to have fair business dealings. That's where new legislation, and consumer protection comes in.

 

I already have a mortgage, I refuse to apply for another from American Express.

 

You want to be a parakeet, so I'll say it again:

 

1. Any pre-qualifications should be done prior to any limits being issued.

 

2. AMEX should not be randomly defaulting on their legit customers when they happen to be on vacation, or shopping.

 

And finally, how much is AMEX paying you to be thier parakeet?

 

Your next post that slings an insult my way, will be your last.

[troylasvegas]

Trying to manage risk is exactly why they have us apply, and pay on time to avoid changes. But when they start trying to interpret someone going to have a cheeseburger, or making a large purchase, it is nothing more than foolish presumtion, and customers should not be subject to lender speculation, and outright lender default.

 

So, what you are saying is exactly the point.

 

And furthermore, all creditors should be required to play by the SAME rules, and there should be absolutely NO unilateral adjustments to terms for on time customers, unless the creditor just goes out of business.

[troylasvegas]

Marv, you have been in the forum long enough to know that in a debate, it is not sufficient to just copy and paste what you already said.

[MarvBear]

I will leave this open for comments, but only for questions or suggestions. Please don't post your opinions, or relate your experiences in this thread. We got plenty of F/R threads where you can do that.

 

If you have not been F/R'd by AmEx please do not respond to the poll questions.

 

If you responded by accident, please let me know. It would be nice to get something of a pattern, or determine that there is no pattern.

 

 

RE: the beginning POST that the site owner started.

 

That's what this thread is about.

[MarvBear]

Marv, you have been in the forum long enough to know that in a debate, it is not sufficient to just copy and paste what you already said.

 

And judging by your tenure, you've been here long enough to know when to back off.

 

If you believe you have a legitimate gripe please start it in another thread. And yes I am aware of your previous attempt. It was removed from the general boards view, because in our opinion it was not only unethical on your part, but bordered on fraudulent which we do not condone.

 

Just take it somewhere else in another thread please. Do NOT continue to post in this particular thread.

[BobWang]

American Express Financial Review, aka Amex F/R, poll started April 14, 2007.

As of 13:00 EDT June 13, 2008, there have been 166 voters.

 

What I find interesting is that 5 people had 10 or more Amexes.

Also, that more people had limits >= 100k than between 50k and 100k.

 

Bumped this for the new crop

 

[realpix]

Can't find out where to enter the info.

 

Been f/r'd.

[Shawnee]

62 people with only one card have responded to the poll. That shoots down the theory of being safe with only one card.

[Curious]

It also appears that after 5 years, your chances of a F/R drop drastically.