Would you accept F/R?

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bmw1990Z
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Postby bmw1990Z » Mon Jun 04, 2012 1:36 pm

Exactly! I always as a safety measure keep cash and a backup card incase for some reason my visa isn't accepted.
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-American Express Platinum Delta Skymiles--July 2013


MemberSince99
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Postby MemberSince99 » Mon Jun 04, 2012 1:52 pm

Cyberius wrote:For me I guess it would depend on my mood the day it happened and how I found out. If I was given notice they were going to review my account, I wouldn't be terribly upset. However, if I'm traveling and depending on the card, I would be rather irritated. If you have a shoddy account history one shouldn't be terribly surprised to get a F/R. However, if I have made all payments and have been a loyal customer, to cut you off could be embarrassing, especially if you are paying for dinner for a client and your card is declined and you had no notice.

If you don't lie on your application you shouldn't be worried about providing more information - I mean, they have pretty good insight into your life due to the credit pull and general usage of the card (location, items purchased, travel habits, etc.).


It doesn't matter if you are travelling.

Also even if you told the truth, which you of course should, if they see things that concern them, they can shut you down.

I have no problem with that, I understand completely, actually. They have to protect themselves against losses. I just feel like if you have been a good customer, always use the cards and pay in full, you can still get triggered and F/R/d, no one really knows what tirggers it, so you'd best have a backup credit source available. I didn't lie to them, no point to that, they could verify my bank account and income, but I've also heard that for some, even once they do that, they F/R them every few weeks or months. Obviously they see something they don't like, but would you be willing to submit to it every couple of months?

If it wasn't for this, and every place took Amex, I wouldn't have another card, period.

Crashem
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Postby Crashem » Mon Jun 04, 2012 2:33 pm

For me, it would be annoying. Don't know what I would do. I find the idea of a financial institution crawling over my finances disturbing. btw, on another forum some guy got F/R within a couple of weeks charging a whooping $900 dollars on his zync card. I charged up like 200k on new amex charge card in a couple of months without any problems. Who knows what triggers F/R
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bmw1990Z
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Postby bmw1990Z » Mon Jun 04, 2012 3:40 pm

Crashem wrote:For me, it would be annoying. Don't know what I would do. I find the idea of a financial institution crawling over my finances disturbing. btw, on another forum some guy got F/R within a couple of weeks charging a whooping $900 dollars on his zync card. I charged up like 200k on new amex charge card in a couple of months without any problems. Who knows what triggers F/R


I'm just going to guess that your incomes and credit historys are vastly different... I could be wrong.
Cards in my wallet:

-Citi Forward Card for College Students-July 2011

-American Express Platinum Delta Skymiles--July 2013

MemberSince99
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Postby MemberSince99 » Mon Jun 04, 2012 3:53 pm

bmw1990Z wrote:I'm just going to guess that your incomes and credit historys are vastly different... I could be wrong.


That's probably a safe bet. Sometimes I read these and I'm like wow, I'm pretty poor, It would take me almost 3 years to gross 200k in income, and after they eat me alive in taxes to net that would take over 4. I'm for sure out of my league posting here. Let's just say I would have no use for a Centurion even if I could get it (which I couldn't) and even a Platinum is probably out of my league. Oh sure I could afford the Plat but I would never make use of it is the thing.

So, yeah, sometimes my eyes pop out when I read this stuff and I wonder does that really go on? I would have no clue.

I know this is off topic but honestly I'll never be rich but if I was, the only great thing about it would be not having to work for some lunatic who makes your life a living hell anymore, you could just retire and do what you like. I doubt if I'd really upsize my life, I'd just enjoy myself and no more dealing with crazies in Corporate America!

Ok back to the subject at hand.....

Crashem
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Postby Crashem » Mon Jun 04, 2012 5:09 pm

The 200k was mainly in business expenses. Was trying to run up my MR points so ran some of our advertising through my personal card. Although a good 20k of it was blown in St. Barths (damn that Euro).
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MemberSince99
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Postby MemberSince99 » Mon Jun 04, 2012 8:52 pm

Crashem wrote:The 200k was mainly in business expenses. Was trying to run up my MR points so ran some of our advertising through my personal card. Although a good 20k of it was blown in St. Barths (damn that Euro).


That is awesome were you a little nervous what they might think about running that much through?

If you can get those points that is great Crash!

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Cyberius
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Postby Cyberius » Wed Jun 06, 2012 6:01 pm

Out of curiosity, if you have to pay work expenses on your card, and then are reimbursed, how does that settle with Amex in case of financial review? Can you show a statement of your expense check stubs as additional income on top of your salary?

thomaswhitehall
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Postby thomaswhitehall » Wed Jun 06, 2012 6:05 pm

Cyberius wrote:Out of curiosity, if you have to pay work expenses on your card, and then are reimbursed, how does that settle with Amex in case of financial review? Can you show a statement of your expense check stubs as additional income on top of your salary?


I'd like to know this as well. Our advertising expenses far exceed my personal income. If I could run them through my card I'd be a Centurion Member in no time.

thomaswhitehall
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Postby thomaswhitehall » Thu Jun 07, 2012 2:12 pm

BUMP.................



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