AMEX Financial Review Info
I have seen forums posted about this but I have some conflicting information and thought I would post it for anyone else that ever has to go through this nonsense.
Been AMEX card holder for a while now but for the past six months I have been putting all of my family's expenditures on the amex. 4-5k a month, paid off every month. I should say we have a Gold card in my wife's name and I'm an authorized user.
Yesterday, got a call from the FR department saying we were under a FR and that our card had be suspended. Being the hot head I am I immediately called back and let the first person I spoke with have a piece of my mind. I have heard of the nightmares of the FR and I was very upset it had happened to us. BUT, from what I have read on every post I can find, no one knows why they get an FR.
This is the conflicting information I have as I actually got the rep to tell me why this is happening. I handle most of the finances in my house and most of the charges go on my amex card. This is where the problem was. He said that when an Authorized user is doing 80% of the charges on the account it will flag a FR every time. Well I explained that I handle the finances and that was why. He still said they needed income verification. Well I also make 70% of our income so this was going to be an issue to. But here is the second conflicting information, he said that if we filled jointly (we are married) that all income on the return would be accepted. This again is different from what I've read in every other forum. I'm only an AU on the card but they will accept my income if it was jointly filed to the IRS with my wife. So I have filled out the IRS form the wanted and now am waiting to see what happens.