<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ahrz:
When applying for a card, whatever color it is, Amex reserves the right to check the income stated on the form by contacting the bank, employer, accountant, etc.
The applicant explicitely allows these checks by signing the application form.
The finansbank, like all other partner banks 'offering' the International Dollar Card to their clients, is responsible for the income and/or wealth check before pre-approving the application. </font>
In reality itīs nothing but a marketing agreement between Amex and the bank:
"You have good clients, so just offer them our cards, because we want more cardmembers and will take anyone whoīs willing to pay for it regarless of income or spending habits.
On the other side you (the bank) will have more chances to aquire new clients because you can give them a product, that is advertised as a hard to get item in the rest of the world."
In this case Amex would never spend time on asking about the income of private bank customers or how much they would spend on the card or how they became the banks clients. All they want is to sell more cards.
Itīs just that simple!
The exclusivity-hype only works in markets with high lot of status-anxious locations (like London, New York, Hong Kong, ...)and where itīs well supported by the medias but obviously not in places like Switzerland or Germany, where people or the medias are not so interested in that product.