Rommie2k6

It's LESS income, not more....... I only got a major pay raise in late 2015, so my taxable income is 2015 is way less than my 2016 declared income.

Happy

You have pay stub, dont you?

Offer the FR rep to send that proof of your CURRENT income.

How much you made in the past should be irrelevant because how much you make NOW determine your ability to pay your bills NOW.

I understand AMEX could be stupid and stubborn, but there are times they still use some logic. If your 2016 income is what you have told us here, then just tell AMEX that is the situation.

Unless of course if your spend are still much more than your current income could support and you dont have proof of other sources of funds to show them, then yeah, it would be a problem.

mia

Already tried:

They will only accept the tax transcript, but this doesn't mean that American Express does not use other sources to estimate current income.

BadBreath

Hi Everyone, I want to use the Paypal my cash card strategy to pay my rent each month. Before I start this, I thought it would be best to check with the experts here. Does anyone know if that would be a common case to trigger a FR? ie. Buying 3k worth of Paypal my cash cards each month on my Points Rewards Gold Card?

Thanks in advance,
BB

Carl

Why not just pay rent via Plastiq?

bodiddely

Because using Paypal My Cash cards is cheaper - $3.95 per $500 vs 2% or whatever Plastiq charges.

Carl

Plastiq currently charges 1.75% (as long as you establish the rent or mortgage payment before the end of next month). It also means you don't have to leave your house. Most importantly, you won't run into the high likelihood of having your PP account shutdown (which can happen if you're using My Cash and then sending money to someone else, as opposed to buying goods and services from somewhere like eBay where either you or the recipient would pay an additional PayPal fee).

Big4Flyer

I'm unable to use any of my Amex cards since yesterday and was unable to transfer points today. I assume this means I'm under a financial review?

This kind of sucks given that I met the spend just in time to be able to take advantage of the Avios transfer bonus.

UPDATE: I originally thought this was an FR but I was mistaken. My points have just been frozen after applying for a targeted 100k Platinum offer. I was able to successfully use my Amex cards yesterday.

Rommie2k6

Last month I passed my AMEX FR. Last week I tried to move CL from one card to another. The card receiving the CL had a CL reduction as a result of the FR.

The request was denied, ..., and the rep cited a recent CL reduction on my card. It looks like even after passing AMEX FR you can't reallocate CL? Does anyone know how long I have to wait before I can reallocate CL?

mia

Thread title edited to more fully describe the issue. A credit line reduction is a typical outcome from a Financial Review. I would say you survived the review with your cards intact, but a credit line reduction is still a sanction.

I do not recall anyone else mentioning how soon they were able to increase the limit on a card in this circumstance, but if it is like a new account I would wait six months.

bodiddely

FR issue aside, you can't reallocate between AmEx cards more than once every 30 days: http://www.doctorofcredit.com/how-to...rican-express/

This is just speculation, but perhaps the computer sees the CL reduction from the FR the same way it sees a reallocation, and thus starts the 30 day clock. My advice would be to try again in 31 days using the link in DoC's post on the subject.

Rommie2k6

That's definitely a possibility.

Does anyone know if after passing FR, if you are able to apply for new cards, or is there a "waiting period"?

bodiddely

I passed an FR in mid-February with no adverse action (CLs were not changed). Applied for EDP and SPG personal a month later - both went pending and were approved within 1-2 days.

diseased

DH received a vm today from Amex asking him to return the call. Logged in and his cards are suspended with the message "Charging suspended. Please call 1-800-678-0738 if we haven't already spoken with you." The only card I ms on with his accounts is the obc and always stay below the credit limit. Guess the new, large WF transactions caused this. I stated the correct income on his apps so hopefully he'll come out alright.

Update: it was related to bgr and green cards that I used ms on back in May/June to meet the minimum spends. The rep was very nice and only asked for basic info (name, job, income, email, etc) and sent the request form via email. Didn't mention anything about the charges. I'll update when he gets the outcome.

Update: Just had limits placed on the charge cards. Credit cards weren't touched.

adioman6000

Has anyone seen a correlation between FRs and getting retention offers?