Author Topic: Amex F/R Master Thread (Read 2288586 times)

Dan · « **Reply #200 on:** August 30, 2010, 04:17:53 PM »

Quote from: Smirk on August 30, 2010, 04:13:20 PM

true they lose on that, BUT its guaranteed money as well because they charge the merchants a %

They make maybe 1% profit on a normal transaction after costs plus buying Starpoints, but can make 30% APR.

Yordai Dooma · « **Reply #201 on:** August 31, 2010, 10:10:21 AM »

When you prepay on a cc, are you able to do so online? or do you have to send a check?

Does it differ depending on if its amex or citi?

Smirk · « **Reply #202 on:** August 31, 2010, 11:35:20 AM »

I prepaid online through my bank account

Dan · « **Reply #203 on:** August 31, 2010, 11:36:01 AM »

I think the safest thing is to pay with your bank account the same day you make the charge so that its not a prepayment.

Yordai Dooma · « **Reply #204 on:** August 31, 2010, 11:56:22 AM »

Quote from: Dan on August 31, 2010, 11:36:01 AM

I think the safest thing is to pay with your bank account the same day you make the charge so that its not a prepayment.

I need to prepay though. Im trying to make a $1030 charge on a card that has a $1000 limit. I want to prepay exactly $1030 and then make the charge, which would put me back at zero.

Quote from: Smirk on August 31, 2010, 11:35:20 AM

I prepaid online through my bank account

Is that done like a normal bill pay? Meaning you initiate the payment from your bank as a bill pay rather than initiating the payment by logging into amex.com or citicard?

Dan · « **Reply #205 on:** August 31, 2010, 12:02:12 PM »

Quote from: David on August 31, 2010, 11:56:22 AM

Is that done like a normal bill pay? Meaning you initiate the payment from your bank as a bill pay rather than initiating the payment by logging into amex.com or citicard?

Correct

jmail · « **Reply #206 on:** August 31, 2010, 01:30:29 PM »

Is there a reason to billpay through your bank instead of the cc website (other than the fact that all your bills can be done in one log-in/session)?

Dan · « **Reply #207 on:** August 31, 2010, 01:41:58 PM »

Quote from: jmail on August 31, 2010, 01:30:29 PM

Is there a reason to billpay through your bank instead of the cc website (other than the fact that all your bills can be done in one log-in/session)?

The cc website won't let you prepay.

yare · « **Reply #208 on:** August 31, 2010, 01:46:35 PM »

anyone know if amex can fr an au? and if you're only using the au card to purchase, can they fr the main card as well?

Dan · « **Reply #209 on:** August 31, 2010, 01:52:10 PM »

Quote from: yare on August 31, 2010, 01:46:35 PM

can amex can fr an au?

No

Quote from: yare on August 31, 2010, 01:46:35 PM

and if you're only using the au card to purchase, can they fr the main card as well?

Of course

mords · « **Reply #210 on:** October 13, 2010, 03:35:58 PM »

I was approved for the business gold charge card and i tried to buy 4 $1000 gift cards and i saw that after a day and half that my balance was at $0.00. So i called amex and they told me the purchase was denied and that all my three accounts with them are on a freeze. And then the lady started doing a financial review on me. Anyway i faxed in my paper work hopefully all goes well! It is not just coins which can cause a red flag!!

Devorah · « **Reply #211 on:** October 13, 2010, 11:14:04 PM »

Same thing happened to me and I only bought 1 $1000 gift card.

Devorah · « **Reply #212 on:** October 13, 2010, 11:15:27 PM »

My purchase was approved and it was almost 2 months ago - my FR just happened.

moish · « **Reply #213 on:** October 14, 2010, 04:34:56 AM »

so then how do you know it was the gift card that triggered it?

Devorah · « **Reply #214 on:** October 14, 2010, 10:39:25 AM »

Quote from: moish on October 14, 2010, 04:34:56 AM

so then how do you know it was the gift card that triggered it?

It happened to both myself and my husband and those were the only out of the ordinary purchases. The rep pretty much confirmed it.

mords · « **Reply #215 on:** October 14, 2010, 02:42:26 PM »

@Devorah
Did everything turn out ok with the FR?

Devorah · « **Reply #216 on:** October 14, 2010, 08:26:49 PM »

Quote from: mords on October 14, 2010, 02:42:26 PM

@Devorah
Did everything turn out ok with the FR?

Just sent in the 4506T - waiting to hear from them.

bem684 · « **Reply #217 on:** October 15, 2010, 12:29:42 PM »

What are they looking for when they do an FR? And what information do they ask for? If you know you did something dumb is there a way to fudge it to look better? I have never been FRed as I'm new to all this, but the whole idea freaks me out.

Avid Reader · « **Reply #218 on:** October 15, 2010, 12:39:02 PM »

Quote from: bem684 on October 15, 2010, 12:29:42 PM

What are they looking for when they do an FR? And what information do they ask for? If you know you did something dumb is there a way to fudge it to look better? I have never been FRed as I'm new to all this, but the whole idea freaks me out.

They want to know that you actually make the money you said you make. They ask for Tax returns / W2's, 1099's / bank statements showing how much money goes in and out.If you did something dumb and they come after you, fess up with them, show them how much money you (or your household) DO make, and hope for the best. There's nothing to get freaked out about. Max, they will close you down or lower your CL.

AsherO · « **Reply #219 on:** October 15, 2010, 12:54:15 PM »

Quote from: Avid Reader on October 15, 2010, 12:39:02 PM

There's nothing to get freaked out about. Max, they will close you down or lower your CL.

That's enough to freak some people out.

I went from 9 cards with a CL of over 90k to 1 card with a CL of ~30k.

I was able to reshuffle my credit lines and I moved some of the credit to one card and closed all the others, then sent the financial/tax documents. Now that they don't allow that online people won't be able to do that.

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Author Topic: Amex F/R Master Thread (Read 2288586 times)