Grilled by Amex

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Bluemountain
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Grilled by Amex

Postby Bluemountain » Wed Mar 02, 2016 5:05 pm

Was at a concert w/ friends and called Amex to ask them how much I could get from the ATM. :beat: At first everything seemed routine. I verified info but before even looking at the ATM thing she suddenly started asking a multiplicity of questions about my transactions, work, finances, etc. I got the impression she had my credit report in front of her, and they were waiting on my call.

She was generally like "I'm concerned with these transactions (PayPal) because we want to make sure that if you're getting cash it's happening with your pin number." It was $370ish payment for eBay. She was incredibly confident and cocky about it. Once I realized she wasn't Tier 1 I quickly humbled myself lol.

Anyway, I offered to process a payment but she said it wasn't necessary, Also told her nevermind about the ATM but she said I should go ahead if I wanted to This leads me to believe it's more of a MS concern?

But if so why so many questions about work, life, etc. I'm sure this has happened to others before. Is this the Financial Review I keep reading about?
Cards opened in the last six months:
AMEX Gold Delta Skymiles - $2,000
Capital One Quicksilver $300 ($500 in 4 months)
Capital One Platinum $500 ($750 in 5 months)
Barclaycard $2,000
PayPal Credit (doesn't report) $600
Citi Double Cashback: $ 1200
18 years old. 640 FICO (AAoC & Inq's)


Nixon
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Location: Great Southwest

Re: Grilled by Amex

Postby Nixon » Wed Mar 02, 2016 5:09 pm

Sounds like credit products just aren't your thing. It has nothing to do with MS. Cash advances are seen as risky behavior. Coupled with the PayPal charge it's pretty suspect for them. That's AMEX though.
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Bluemountain
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Re: Grilled by Amex

Postby Bluemountain » Wed Mar 02, 2016 5:46 pm

Nixon wrote:Sounds like credit products just aren't your thing. It has nothing to do with MS. Cash advances are seen as risky behavior. Coupled with the PayPal charge it's pretty suspect for them. That's AMEX though.


Yep. I'm gonna let all my accounts get some oxygen and go back to debit for a billing cycle or two. :p
Cards opened in the last six months:
AMEX Gold Delta Skymiles - $2,000
Capital One Quicksilver $300 ($500 in 4 months)
Capital One Platinum $500 ($750 in 5 months)
Barclaycard $2,000
PayPal Credit (doesn't report) $600
Citi Double Cashback: $ 1200
18 years old. 640 FICO (AAoC & Inq's)

Nixon
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Location: Great Southwest

Re: Grilled by Amex

Postby Nixon » Wed Mar 02, 2016 6:07 pm

Bluemountain wrote:
Nixon wrote:Sounds like credit products just aren't your thing. It has nothing to do with MS. Cash advances are seen as risky behavior. Coupled with the PayPal charge it's pretty suspect for them. That's AMEX though.


Yep. I'm gonna let all my accounts get some oxygen and go back to debit for a billing cycle or two. :p


Normally I don't advocate using debit or cash but it may just be the break you need. Your expectations of creditors are frankly a little high.

I don't say this to belittle you or anything. It's simply the truth though.

They can shut you down with one keystroke even if you were never late, never carried a balance, never asked them for anything but a secure payment method. This goes for any of us dabbling in revolving credit.
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takeshi
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Re: Grilled by Amex

Postby takeshi » Thu Mar 03, 2016 9:15 am

Bluemountain wrote:Is this the Financial Review I keep reading about?

No. Your accounts would have been frozen and you'd have to submit a 4506-T for an FR.

Cash advances are quite often seen as red flags by creditors. Avoid using them. Paypal can be a red flag. You probably just got attention from the combination of factors.

Berk
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Re: Grilled by Amex

Postby Berk » Sat Mar 05, 2016 8:37 am

Look at it this way - You have an individual that you deal with purely on a business level. This guy has you make small purchases for him from time to time and always pays you back without any problem. In other words, he never asks you for cash - only that you complete the financial transaction for him. One day, he shows up at your door right after dealing with an individual that you know is a conduit for financial fraud and wants to know how much cold, hard, cash you are willing to give to him right now.

Wouldn't you ask questions?
Fico Scores 05/25/2015
Equifax 766
TransUnion 788
Experian 797

Over $140,000 in credit across 12 cards.

Tubpbs
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Re: Grilled by Amex

Postby Tubpbs » Sat Mar 05, 2016 11:27 am

Berk wrote:Look at it this way - You have an individual that you deal with purely on a business level. This guy has you make small purchases for him from time to time and always pays you back without any problem. In other words, he never asks you for cash - only that you complete the financial transaction for him. One day, he shows up at your door right after dealing with an individual that you know is a conduit for financial fraud and wants to know how much cold, hard, cash you are willing to give to him right now.

Wouldn't you ask questions?


Fair series of statement. It does ignore the cardholder agreement and the fact that Amex tells you every statement exactly how much cold hard cash they will give...

But the idea is solid.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

Nixon
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Location: Great Southwest

Re: Grilled by Amex

Postby Nixon » Sat Mar 05, 2016 12:38 pm

Tubpbs wrote:
Berk wrote:Look at it this way - You have an individual that you deal with purely on a business level. This guy has you make small purchases for him from time to time and always pays you back without any problem. In other words, he never asks you for cash - only that you complete the financial transaction for him. One day, he shows up at your door right after dealing with an individual that you know is a conduit for financial fraud and wants to know how much cold, hard, cash you are willing to give to him right now.

Wouldn't you ask questions?


Fair series of statement. It does ignore the cardholder agreement and the fact that Amex tells you every statement exactly how much cold hard cash they will give...

But the idea is solid.


What part of "The issuer has a right to close the account at any time" is confusing?
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Dcyphrz
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Re: Grilled by Amex

Postby Dcyphrz » Sat Mar 05, 2016 1:35 pm

Someone online described AMEX as a "moody" lender. I sorta get what they meant now.
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EX 756 - TU 776 - EQ 749

Tubpbs
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Re: Grilled by Amex

Postby Tubpbs » Sat Mar 05, 2016 2:09 pm

What part of "The issuer has a right to close the account at any time" is confusing?[/quote]


Is that directed at me?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It



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