- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
You got F/R'd? From what I understand, you have two options - comply, or let them close your account(s). (Or close them yourself). I have never heard of there being any other option here. So I don't know what the rep was saying by call back in a week and we'll see if anything changes, I mean it's not as if Amex is going to decide not to F/R you now if it's inconvenient to you.
Depends on if you want to remain with Amex or not. If you do, then comply. If not, close your accounts now so it can show closed by account holder (and not maybe raise questions down the road) and move on.
If you lied about your income, it could be a problem. If you didn't lie, they will probably impose a "hard limit" on your account that's lower than you'd like for a while. That's what I hear about F/R. It's possible they will do nothing, but most things I've read say if you didn't lie they give you a hard limit for a time that may be lifted in a year.
Sucks, no doubt. And one final thing - they only give you a limited time to comply - if you follow the advice of the CSR you spoke with, by the time you call back your accounts could be closed so that was very bad advice to say the least. If you intend to do that, don't wait, get it rolling, they give you only a few tries and a few days to get it done and done right. If you don't, they close you down.