Applied for BCE... Needs Further Review

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
50 posts
DavidNY
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Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Tue Jan 08, 2013 10:48 pm



Moneytalks
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Postby Moneytalks » Tue Jan 08, 2013 11:04 pm

If you need a reminder that it's a business relationship, just review the 6+ page card agreement they send you with the new card.
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

kcarter609
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Location: VA

Postby kcarter609 » Tue Jan 08, 2013 11:35 pm

Moneytalks wrote:If you need a reminder that it's a business relationship, just review the 6+ page card agreement they send you with the new card.


Oh I know. I'm not arguing that at all. But put it this way - if I've had solid history for 3 years with one of my distributors at work that I buy quads/scooters from on a regular basis, and everything was always paid in full and on time, and I've given them no reason to require me to send them an entire copy of the financials from the year before, except that I want to pick up something new from them (in this case let's just say they have go karts available too that I want), wouldn't you be pissed if you were me? They would never even DREAM of trying something like that. Business relationship or not, that's like taking a good regular customer and slapping them in the face for being one.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Gamma
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Location: Los Angeles, CA

Postby Gamma » Wed Jan 09, 2013 2:58 am

kcarter609 wrote:Business relationship or not, that's like taking a good regular customer and slapping them in the face for being one.

That made me laugh lol. Sorry to hear about your situation. I would have only assumed asking for cli or carrying large balances would trigger a FR, which is why I never asked for a cli from them. Though, if they were to FR me randomly, I would comply just cause the rewards of the bcp really benefit me. I personally don't care if they view my financial records, so long as they keep my account open.

MemberSince99
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Location: WI

Postby MemberSince99 » Wed Jan 09, 2013 12:32 pm

Moneytalks wrote:If you need a reminder that it's a business relationship, just review the 6+ page card agreement they send you with the new card.


Speaking of that agreement, has anyone else ever noticed that 95% of is entirely slanted to THEIR benefit? Basically the vast majority lays out everything in their favor. The only expection I've found is with disputes but even that is at their discretion when it comes down to it.

The best part is the binding arbitration clause. Essentially by using the card you are agreeing not to sue them but to submit grievances (claims) to an arbitrator, who is beholden to them in terms of getting future work (those who side with consumers too often will likely find that their phone won't be ringing) which rigs the system in their favor. That's why they want to force that system on us and keep us out of the legal system. The only way to avoid that is to simply not use the cards. Of course that still doeesn't stop them from suing in you in the legal system if you don't pay them, so in effect they have their cake and get to eat it too, but who could be surprised by that here in the US? Seriously. In case you haven't heard, we have the best government money can buy and I know you guys are smart enough to get that. But yeah, they set those terms all in their favor.

And to the fanbois, yes I know they get burned regardless. I know that from personal experience as I have burned some of them. Not proud of it, just saying yes I realize that. Still doesn't justify taking away your legal rights, what are they so afraid of in terms of the legal system when it tends to favor them anyway? And you may say well you can choose not to comply and to close your accounts and go to cash, and yes that is true I can. I guess if enough of us do that, then they'll have to change this.

Gosh I way over-analyzed this...

kcarter609
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Location: VA

Postby kcarter609 » Wed Jan 09, 2013 5:18 pm

Just got an alert from one of the credit monitoring things that AMEX hard pulled Experian, which means they saw the 2 Chase inquiries from August. That's probably what triggered a FR, because they obviously were happy with my internal history with them.

Here's what pisses me off the most though - My friend, who just turned 21 a couple months ago, had NO credit history. He applied and got denied like 5 or 6 times... so the inquiries piled up. He finally got a Discover in October with a $500 limit. He applies for a couple random cards, gets a Crapital One Cash Rewards card with a $20k limit (I saw the limit myself on his online thing for it), gets a few other random cards, then gets a BCE from AMEX with a $3k limit... all these inquiries, no history, stated income of $55k/year at 21, and they don't FR/outright deny him? Really?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Jslimm1985
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Location: Fort Dix, NJ

Postby Jslimm1985 » Wed Jan 09, 2013 6:39 pm

That's very awkward. I don't even know what to say. I'm pissed! I've had Capital One for years and can't get a CLI to save my life. Now they're giving out initial CLs of 20k.......
Revolvers
Credit Union MC 3/2004 ($6K)
Capital One Platinum 3/2005 ($500) :mad:
Dell Financial Services CC 2/2007 ($2.5K)
USAA Cash Rewards World MC 10/2011 ($9.5K)
AMEX BCE 01/2013 ($10K)

Chargers
AMEX Gold 1/2011(NPSL)

EXP 721 (01/02/2013) Amex
EQU 695 (01/10/2013) PenFed
TU 705 (01/22/2013) MyFico

"Please don't thank me for serving, I want to thank you for letting me serve on your behalf"

MemberSince99
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Postby MemberSince99 » Wed Jan 09, 2013 6:42 pm

How the hell did he get a Crapital One for 20k? I didn't think they gave limits over 500 bucks???? I mean with them 500 is a big time limit! I can hardly believe that.

That's a very good question. All I can say, is from personal experience, I've found some creditors love you and others hate you (and some are indifferent). I don't know how they rate you but they must have models that try to predict your profitability as a customer vs the odds you'll stiff them. Citi for example hates me and wouldn't pee on me if I was on fire. US Bank/Elan loves me, and Bank of America likes me. Discover is kind of "meh" you're ok, but no great love there. Just based on how it was to get cards, limits and CLIs from them. So there really is something to this. Obviously Crapital One is head over heels in love with your friend as I simply can't believe they would give ANYONE a starting limit of 20k, let alone having no credit history!

kcarter609
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Location: VA

Postby kcarter609 » Wed Jan 09, 2013 6:54 pm

MemberSince99 wrote:How the hell did he get a Crapital One for 20k? I didn't think they gave limits over 500 bucks???? I mean with them 500 is a big time limit! I can hardly believe that.

That's a very good question. All I can say, is from personal experience, I've found some creditors love you and others hate you (and some are indifferent). I don't know how they rate you but they must have models that try to predict your profitability as a customer vs the odds you'll stiff them. Citi for example hates me and wouldn't pee on me if I was on fire. US Bank/Elan loves me, and Bank of America likes me. Discover is kind of "meh" you're ok, but no great love there. Just based on how it was to get cards, limits and CLIs from them. So there really is something to this. Obviously Crapital One is head over heels in love with your friend as I simply can't believe they would give ANYONE a starting limit of 20k, let alone having no credit history!


I called BS, but it said VISA Signature and then he logged in and proved it to me. I still can't figure out.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

MemberSince99
Centurion Member
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Jan 10, 2013 11:26 am

Wow. I mean what more can we say than that. Good for him, but a head scratcher for sure.



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