AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

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Joonbugz22
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby Joonbugz22 » Wed Jan 27, 2016 8:52 pm

The three friends who have had FR done are all extremely diligent and responsible people . They aren't frivolous with spending , and one of these friends is actually quite frugal . From what they told me , Amex contacted them and asked them to sign a form that whisk give them access to their tax return .
As for me and the fiancé , we are getting married in England in a 6 months time . He's a trader and I'm in marketing (part time ) but will hopefully go on to full time . I guess I'm overly paranoid , but I'd rather not go through this process if I can help it . Amex is pretty intimidating.


Joonbugz22
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby Joonbugz22 » Wed Jan 27, 2016 8:53 pm

Also just as a note, yes my fiancé's income is easily accessible to me :)

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Vattené
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby Vattené » Wed Jan 27, 2016 9:23 pm

I understand your concern, especially since this is a new lender for you and you've heard/read a lot of stories. There's not much you can do at this point, though, even if you had good reason to believe FR was likely (and again I don't think it is). You've already submitted your financial information in your credit app and you've already gotten the card. If I were you I would just get good use out of the card. Maybe don't try to buy a yacht with it, but Amex has plenty of customers that put a lot spending through their cards. It shouldn't surprise them when a new applicant with your stated income starts putting a lot of charges on a Platinum.

FR will always be a possibility, but if it does happen you can explain why you reported what you did and, if you're willing, provide documentation to support it.
-Vattené
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EX - 809 (11/16) | TU - 803 (11/16)
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plus several store accounts of varying usefulness now

aj023
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby aj023 » Wed Jan 27, 2016 9:27 pm

Joonbugz22 wrote:The three friends who have had FR done are all extremely diligent and responsible people . They aren't frivolous with spending , and one of these friends is actually quite frugal . From what they told me , Amex contacted them and asked them to sign a form that whisk give them access to their tax return .
As for me and the fiancé , we are getting married in England in a 6 months time . He's a trader and I'm in marketing (part time ) but will hopefully go on to full time . I guess I'm overly paranoid , but I'd rather not go through this process if I can help it . Amex is pretty intimidating.


I think there is more to the story you are leaving out or you really don't know what happened to these people. I know of lots of Amex cardholders. I have amex cards myself, three different ones, without annual fees and have been constantly marketted for additional paid Amex including the higher end cards. Amex does not want to lose income on solid customers by forcing to prove themselves. It would be financial suicide expecially with Amex struggling for customers now as financials aren't as good as the old days.

When credit analysts review accounts in bulk which shows up as soft inqueries on a credit report, they just make sure you are paying on time and can maintain the payments. Amex does have two tiers, one is the revolving portion, while one is the portion which has to be paid in full. They don't just randomly select accounts to screen nor are concerned when certain purchases are made if you pay those transactions in full.

thom02099
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby thom02099 » Thu Jan 28, 2016 10:50 am

I guess I'm overly paranoid , but I'd rather not go through this process if I can help it . Amex is pretty intimidating.

Yes, I suppose they can be, to those who are new to AMEX. Keep in mind that the anecdotal information one receives, either from friends or from forum posts, is frequently incomplete. Especially true on forums, a poster will decry the injustice of AMEX requiring tax documents and such, stating that there's no reason for it. They are wrong. There is always a reason for it. What many posters fail to include initially, is that they did something along the way that raised a red flag for AMEX. These reasons usually come out later on in a poster"s diatribe about the injustice (oh, I forgot to mention that I applied for 15 store cards using the SCT this month...oh, I forgot to mention that I charged a bunch of porn on my (fill in the blank) AMEX card....oh, I...you get the point!).

Having been an AMEX cardholder off/on since 1976, I've never had any issues with them, even in the early years when I got in over my head with them. I've had heavy spend over the years, and dry spells where I've not used any of the cards I've had. Any time I've anticipated a major change in my spending on an AMEX card, I've usually called them (pre-website messages) and let them know about the impending expense and asked if it would be a problem, to which I've always gotten reassurances that there's no issues with my accounts. Just because it hasn't happened to me, doesn't mean it won't happen to others. Many folks equate that since it happened (or didn't happen) to them personally, it won't happen to others. That's a fallacy. What isn't a fallacy is that, as others have pointed out, if you don't do anything that would raise red flags for AMEX, and if you can justify your income as you've stated here (access to your fiancé's funds), then you probably don't have anything to worry about.
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aj023
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby aj023 » Thu Jan 28, 2016 11:46 am

thom02099 wrote: I guess I'm overly paranoid , but I'd rather not go through this process if I can help it . Amex is pretty intimidating.

Yes, I suppose they can be, to those who are new to AMEX. Keep in mind that the anecdotal information one receives, either from friends or from forum posts, is frequently incomplete. Especially true on forums, a poster will decry the injustice of AMEX requiring tax documents and such, stating that there's no reason for it. They are wrong. There is always a reason for it. What many posters fail to include initially, is that they did something along the way that raised a red flag for AMEX. These reasons usually come out later on in a poster"s diatribe about the injustice (oh, I forgot to mention that I applied for 15 store cards using the SCT this month...oh, I forgot to mention that I charged a bunch of porn on my (fill in the blank) AMEX card....oh, I...you get the point!).

Having been an AMEX cardholder off/on since 1976, I've never had any issues with them, even in the early years when I got in over my head with them. I've had heavy spend over the years, and dry spells where I've not used any of the cards I've had. Any time I've anticipated a major change in my spending on an AMEX card, I've usually called them (pre-website messages) and let them know about the impending expense and asked if it would be a problem, to which I've always gotten reassurances that there's no issues with my accounts. Just because it hasn't happened to me, doesn't mean it won't happen to others. Many folks equate that since it happened (or didn't happen) to them personally, it won't happen to others. That's a fallacy. What isn't a fallacy is that, as others have pointed out, if you don't do anything that would raise red flags for AMEX, and if you can justify your income as you've stated here (access to your fiancé's funds), then you probably don't have anything to worry about.


Can't say if it ever happened to anyone but accounts are not randomly selected for such and the abuse is not going to be one of just adding spend on the card. It would have be be people who are clearly abusing their accounts or are serious risks.

kdm31091
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Re: AMEX PLATINUM CHARGE CARD FINANCIAL REVIEW

Postby kdm31091 » Thu Jan 28, 2016 8:09 pm

thom02099 wrote: I guess I'm overly paranoid , but I'd rather not go through this process if I can help it . Amex is pretty intimidating.

Yes, I suppose they can be, to those who are new to AMEX. Keep in mind that the anecdotal information one receives, either from friends or from forum posts, is frequently incomplete. Especially true on forums, a poster will decry the injustice of AMEX requiring tax documents and such, stating that there's no reason for it. They are wrong. There is always a reason for it. What many posters fail to include initially, is that they did something along the way that raised a red flag for AMEX. These reasons usually come out later on in a poster"s diatribe about the injustice (oh, I forgot to mention that I applied for 15 store cards using the SCT this month...oh, I forgot to mention that I charged a bunch of porn on my (fill in the blank) AMEX card....oh, I...you get the point!).

Having been an AMEX cardholder off/on since 1976, I've never had any issues with them, even in the early years when I got in over my head with them. I've had heavy spend over the years, and dry spells where I've not used any of the cards I've had. Any time I've anticipated a major change in my spending on an AMEX card, I've usually called them (pre-website messages) and let them know about the impending expense and asked if it would be a problem, to which I've always gotten reassurances that there's no issues with my accounts. Just because it hasn't happened to me, doesn't mean it won't happen to others. Many folks equate that since it happened (or didn't happen) to them personally, it won't happen to others. That's a fallacy. What isn't a fallacy is that, as others have pointed out, if you don't do anything that would raise red flags for AMEX, and if you can justify your income as you've stated here (access to your fiancé's funds), then you probably don't have anything to worry about.


Completely spot on. Remember that anecdotes of FRs and such, particularly on forums, almost always leave out information. You are simply reading what the person decides to disclose as far as what led to the FR.



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