Financial Review discussion [2009-2013]

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Nov 16, 2013, 12:06 pm

#1051

hmmurdock

Join Date: Jul 2013

Posts: 95

This thread would be far less dramatic just by filling out realistic income on an AMEX app. But I'm glad many of you don't as it makes for great reading.

Nov 16, 2013, 2:12 pm

#1052

CFFrost

Join Date: Mar 2012

Location: SAN

Posts: 1,396

Quote:

Originally Posted by hmmurdock

This thread would be far less dramatic just by filling out realistic income on an AMEX app. But I'm glad many of you don't as it makes for great reading.

The real question is whether people are dishonest on the Amex app, or dishonest on the tax returns @:-).

Nov 16, 2013, 7:06 pm

#1053

danville 1K

In memoriam

Join Date: Aug 1999

Location: Danville, CA

Programs: AA EXP - UA *G MM - HH Diamond - Hertz PC

Posts: 3,242

Quote:

Originally Posted by hmmurdock

This thread would be far less dramatic just by filling out realistic income on an AMEX app. But I'm glad many of you don't as it makes for great reading.

Quote:

Originally Posted by CFFrost

The real question is whether people are dishonest on the Amex app, or dishonest on the tax returns @:-).

Um, both?

Dec 7, 2013, 4:10 pm

#1054

JW008

Join Date: May 2012

Posts: 88

Wanted to get folks opinions on something:

I'm thinking about ramping up spending on my personal and business SPG. I've got an 8K limit on the personal and 12K on the business. Both of these were applied for in September and both spends were met at CVS. I've been completely honest on both AmEx apps on my annual earnings.

I'd ideally spend right below 20K per month and just pay it off when the statement closes. (i.e. stay below credit limits monthly) A low maximum per CVS visit is not a big ideal; I literally have one in my apartment building.

1) Can anyone recommend a level to stay at to prevent a FR? Both total monthly and per CVS visit?

2) Has anyone had a FR without paying off mid statement?

3) Should it be "an FR" or "a FR"? (An EFF-ARR or a Financial Review?)

Dec 30, 2013, 11:57 am

#1055

Luthe

Join Date: Sep 2013

Posts: 11

Why would they have been extending him more credit than their algorithms allow for? Is this common practice for a bank to say: "By our calculations we think you should spend $500. We will extend credit up to $1000. If you use all of it though, we might shut you down..."

Dec 30, 2013, 12:02 pm

#1056

carzin

Join Date: Jan 2011

Posts: 104

The timing is horribly bad when it sounds like you have gotten your act together, but I wouldn't worry too much about it. You should just reapply in 2-3 months when your new 'debt' situation is reflected on your credit report. If you just paid them off, then it isn't going to show yet.

Awesome job at getting your slate wiped clean. If Amex doesn't want you back, then screw em. Plenty of other cards in the sea.

I remember when I was younger (23, I think), and Discover card turned me down, despite perfect credit and responsible credit card use (I had a credit card since I was 18). Never forgave them (not that I'd want that crappy card anyway, now).

Jan 2, 2014, 8:11 pm

#1057

tommy14

Join Date: Feb 2013

Posts: 191

Quote:

Originally Posted by LA2NYC

I'd rather not have to go through an FR.

1) You can MS more than your yearly income? (ie 10K a month, 120K, vs income of 90K) - I've exceeded mine, and I'm sure you have FT-ers that do multiples of their yearly income with no AA

2) Still new to the MS/CB game would rather go slow than burn bridges with Amex. Similar to above, what spend (% of income/CL) do you think is possible without being FRed? - no one knows for sure except AMEX, but I've noticed that AMEX will most likely leave you alone if you idle some cash in their savings account,

Thanks!