We have discussed this practice on Credit Card Forum before - American Express financial reviews & investigations - and now it sounds like they have really ramped up this practice.
What happens with the Amex financial review is they will call and you request authorization to pull your tax returns for the previous three years. If you refuse, they will cancel your credit cards and charge cards within 5 days. The worst part is they are outsourcing this practice to India. You have people in India now reviewing your sensitive financial documents, including your Social Security number. Foreign countries like India have different countries on these matters too, making it potentially easier for criminals to access and abuse your information.
The following news report through NBC talks about a cardmember since '89 in perfect standing they did this to:Don't Leave Home; Your Credit Card is on Hold - NBCSANDIEGO.COM- msnbc.com
If Amex tries this with me, they will be losing a cardmember because I will cancel my accounts instead of giving into this practice.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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