Jan 3, 2014, 2:49 pm
Last edit by: mia
Earlier discussion is in this thread: Financial Review Discussion [2009-2013]
In the USA a Financial Review typically includes a request to submit an IRS form 4506-T which authorizes American Express to obtain a transcript of your Federal Income Tax Return for a specific year. It does not authorize a copy of the actual return. Download the form here: http://www.irs.gov/pub/irs-pdf/f4506t.pdf
Order your own transcript here: https://sa2.www4.irs.gov/irfof-tra/start.do
Other USA-based rewards card issuers also audit accounts and end unsatisfactory relationships.
Bank of America: 2013
Citibank: 2013
JP Morgan Chase: 2013.1 2013.4 2013.9 2013.12
In the USA a Financial Review typically includes a request to submit an IRS form 4506-T which authorizes American Express to obtain a transcript of your Federal Income Tax Return for a specific year. It does not authorize a copy of the actual return. Download the form here: http://www.irs.gov/pub/irs-pdf/f4506t.pdf
Order your own transcript here: https://sa2.www4.irs.gov/irfof-tra/start.do
Other USA-based rewards card issuers also audit accounts and end unsatisfactory relationships.
Bank of America: 2013
Citibank: 2013
JP Morgan Chase: 2013.1 2013.4 2013.9 2013.12
Financial Review discussion
Mar 25, 2014, 11:33 pm
#106
Join Date: May 2002
Location: Arizona
Posts: 5,687
Mar 27, 2014, 6:52 am
#108
Join Date: Aug 2013
Posts: 160
Hi,
I'm interested in buying 5k of Amex gift cards a month with my SPG card (and my husband's), and not much else. Have not used them much except to buy points periodically by using them to pay a portion of my husband's quarterly taxes. Credit line for both $35,000. My income is over $100,000 - was honest on app - and our household income including my husband's is significantly more.
Is $5k a month aggressive, particularly if I don't buy anything else with it? They will obviously see what I am doing. Or ok given our income? Also assuming it's OK do I need to build up to this amount? Many thanks!
I'm interested in buying 5k of Amex gift cards a month with my SPG card (and my husband's), and not much else. Have not used them much except to buy points periodically by using them to pay a portion of my husband's quarterly taxes. Credit line for both $35,000. My income is over $100,000 - was honest on app - and our household income including my husband's is significantly more.
Is $5k a month aggressive, particularly if I don't buy anything else with it? They will obviously see what I am doing. Or ok given our income? Also assuming it's OK do I need to build up to this amount? Many thanks!
Mar 28, 2014, 12:44 am
#109
Join Date: Nov 2009
Programs: DL DM-1MM HH Diamond
Posts: 361
Hi,
I'm interested in buying 5k of Amex gift cards a month with my SPG card (and my husband's), and not much else. Have not used them much except to buy points periodically by using them to pay a portion of my husband's quarterly taxes. Credit line for both $35,000. My income is over $100,000 - was honest on app - and our household income including my husband's is significantly more.
Is $5k a month aggressive, particularly if I don't buy anything else with it? They will obviously see what I am doing. Or ok given our income? Also assuming it's OK do I need to build up to this amount? Many thanks!
I'm interested in buying 5k of Amex gift cards a month with my SPG card (and my husband's), and not much else. Have not used them much except to buy points periodically by using them to pay a portion of my husband's quarterly taxes. Credit line for both $35,000. My income is over $100,000 - was honest on app - and our household income including my husband's is significantly more.
Is $5k a month aggressive, particularly if I don't buy anything else with it? They will obviously see what I am doing. Or ok given our income? Also assuming it's OK do I need to build up to this amount? Many thanks!
Mar 31, 2014, 3:50 pm
#111
Join Date: May 2012
Posts: 157
Hi,
i want to keep my PRG for second year and i want to hit the 30k spend this year to take advantage of the 15k bonus points( would offset the $175 annual fee somewhat)
I have done around 5k this year so far on my PRG, is it too aggressive to aim for 25k in next 9 months? i don't want to deal with FR or any other complications....the 25k would come from regular spend+pharma+grocery MS
Thanks!
i want to keep my PRG for second year and i want to hit the 30k spend this year to take advantage of the 15k bonus points( would offset the $175 annual fee somewhat)
I have done around 5k this year so far on my PRG, is it too aggressive to aim for 25k in next 9 months? i don't want to deal with FR or any other complications....the 25k would come from regular spend+pharma+grocery MS
Thanks!
Apr 2, 2014, 4:55 am
#112
Join Date: Sep 2011
Location: USA
Posts: 1,179
Hi,
i want to keep my PRG for second year and i want to hit the 30k spend this year to take advantage of the 15k bonus points( would offset the $175 annual fee somewhat)
I have done around 5k this year so far on my PRG, is it too aggressive to aim for 25k in next 9 months? i don't want to deal with FR or any other complications....the 25k would come from regular spend+pharma+grocery MS
Thanks!
i want to keep my PRG for second year and i want to hit the 30k spend this year to take advantage of the 15k bonus points( would offset the $175 annual fee somewhat)
I have done around 5k this year so far on my PRG, is it too aggressive to aim for 25k in next 9 months? i don't want to deal with FR or any other complications....the 25k would come from regular spend+pharma+grocery MS
Thanks!
Apr 21, 2014, 11:09 pm
#114
Join Date: Jul 2013
Location: SEA/DEN
Programs: Hostelworld.com Diamond Plated Platinum
Posts: 390
Is it foolish to buy a $1400 plane ticket a day after you opened a Platinum card? Is that just asking for a FR, even though I have been waiting to buy this ticket to put on my new card? All this FR stuff is getting me freaked out.
Apr 22, 2014, 5:55 am
#115
In memoriam
Join Date: Aug 1999
Location: Danville, CA
Programs: AA EXP - UA *G MM - HH Diamond - Hertz PC
Posts: 3,242
I wouldn't say that would be a trigger, the card is by design a travel card. The trigger point seems to be manufactured spending abuses.
Apr 22, 2014, 6:22 am
#116
Join Date: Jul 2013
Location: SEA/DEN
Programs: Hostelworld.com Diamond Plated Platinum
Posts: 390
Apr 22, 2014, 6:25 am
#117
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,951
Apr 22, 2014, 10:50 am
#118
In memoriam
Join Date: Aug 1999
Location: Danville, CA
Programs: AA EXP - UA *G MM - HH Diamond - Hertz PC
Posts: 3,242
Apr 22, 2014, 1:52 pm
#119
Join Date: Jan 2014
Location: LAX/BUR
Posts: 525
Let me get this straight.... FR comes usually when AMEX feels you "can't pay your bills." Does that mean if you spend, over all your AMEX cards, more than your annual income reported on your credit card, they will do a FR? Does this mean you should not spend more than your annual income? Or that if they find out you're spending more than you earn, they will shut you down? People have money besides what they earn annually. For all they know people could have a trust fund or have other people supporting them. Does this mean you should not spend more than your annual income with them? Just wondering from a MS standpoint because I can technically "spend" more than I earn, but if it'll get me shut down, I will not do it.
Apr 22, 2014, 1:58 pm
#120
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,951
American Express compares the amount you are spending to your known financial resources. (They know more about us than we tell them.) If it appears you are spending at a risky rate they will ask you to complete an IRS form 4506-T (see the Wikipost). If the form substantiates that you have sufficient income there will be no problem.
