How long to wait to re-apply for Amex card after being shut down?
Feb 9, 2010, 3:59 pm
#16
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Join Date: Jun 2003
Location: Miami, Mpls & London
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Is there a reason your friend needs a card issued by American Express rather than another bank?
Has your friend looked at his credit reports to see how American Express reported the closed accounts? Does he know his FICO scores? Has he sucessfully obtained credit from other card issuers? Is he prepared to give American Express access to his income tax returns and company financial statements?
Has your friend looked at his credit reports to see how American Express reported the closed accounts? Does he know his FICO scores? Has he sucessfully obtained credit from other card issuers? Is he prepared to give American Express access to his income tax returns and company financial statements?
Feb 9, 2010, 8:08 pm
#17
Original Poster
Join Date: Apr 2009
Posts: 287
Is there a reason your friend needs a card issued by American Express rather than another bank?
Has your friend looked at his credit reports to see how American Express reported the closed accounts? Does he know his FICO scores? Has he sucessfully obtained credit from other card issuers? Is he prepared to give American Express access to his income tax returns and company financial statements?
Has your friend looked at his credit reports to see how American Express reported the closed accounts? Does he know his FICO scores? Has he sucessfully obtained credit from other card issuers? Is he prepared to give American Express access to his income tax returns and company financial statements?
He is willing to provide his tax returns.
Feb 18, 2024, 7:40 am
#19
Join Date: Feb 2024
Posts: 2
Going thru
I want to clarify I am the one that called them asking about why they decreased my credit amount that much. Then they asked for review to be done if I wanted it changed I have 14 days to give them the information granted this was a business account and a business card they gave me I had a personal Amazon and a personal card for a very long time.
Last edited by Crawn1180; Feb 18, 2024 at 5:34 pm
Feb 18, 2024, 7:46 am
#20
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Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
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Welcome to Flyertalk. Your post is a bit cryptic. Please clarify:
1) Do you mean that American Express reduced your credit limit from $8000 to $800?
2) Is American Express asking for evidence of your past three years' income? Even though you recently started your business, did you have personal or household income in previous years?
1) Do you mean that American Express reduced your credit limit from $8000 to $800?
2) Is American Express asking for evidence of your past three years' income? Even though you recently started your business, did you have personal or household income in previous years?
Feb 18, 2024, 5:32 pm
#21
Join Date: Feb 2024
Posts: 2
Income
Welcome to Flyertalk. Your post is a bit cryptic. Please clarify:
1) Do you mean that American Express reduced your credit limit from $8000 to $800?
2) Is American Express asking for evidence of your past three years' income? Even though you recently started your business, did you have personal or household income in previous years?
1) Do you mean that American Express reduced your credit limit from $8000 to $800?
2) Is American Express asking for evidence of your past three years' income? Even though you recently started your business, did you have personal or household income in previous years?
Feb 18, 2024, 6:23 pm
#22
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Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
They saw that you were using a personal account for business purposes. If you send them nothing they will close the account. If you send them what you can, they may keep it open. They are primarily interested in your personal income, but you need to show them what your source(s) of income will be until the business can support you.