jleung said:On 9/14, got a call AMEX FR dept. They had requested 1040 transcript from IRS. All my accounts are now unlocked.

I am planning to do a rolling AOR with AMEX. Since I have already gone through the AMEX FR, I guess they won't do another one any time soon??? What are people's opinion if I do a 99% rolling AOR with AMEX now?

My opinion is that it'll be playing with fire. They can call you again with smth. like "it seems you did not get the FR message. Now we're closing your accounts for good. Entire balance is due now."

cyberkost said:My opinion is that it'll be playing with fire. They can call you again with smth. like "it seems you did not get the FR message. Now we're closing your accounts for good. Entire balance is due now."I thought AMEX FR is not a message nor warning that states that you have BT'ed or borrowed beyond the limit that AMEX would like you to. Instead, it is an investigation that AMEX performs to make sure that your income level is what you have stated, such that it can really support the unsecure credit line that they have granted you without any proof during the initial application. Is this interpretation incorrect?

jleung said:cyberkost said:My opinion is that it'll be playing with fire. They can call you again with smth. like "it seems you did not get the FR message. Now we're closing your accounts for good. Entire balance is due now."I thought AMEX FR is not a message nor warning that states that you have BT'ed or borrowed beyond the limit that AMEX would like you to. Instead, it is an investigation that AMEX performs to make sure that your income level is what you have stated, such that it can really support the unsecure credit line that they have granted you without any proof during the initial application. Is this interpretation incorrect?

I'm not in position to say if this interpretation is or is not correct. Yes, FR, at least on the surface, seems to be all about verifying your income. But what triggers it (how do you know that you won't be hit 2nd time and hit harder)? Here's my story with AMEX:
1) CLIs 2.5K->24.5K(within 30 days of opening)->30K(6 mo down the road) and 2K->24.5(right after opening!)
2) no CL reallocation
3) no BT with AMEX

I have not had an FR yet (knocking on wood) despite $100K debt at slightly under 50% overall utilization on my personal CR. Could it be that reallocation triggers it? Or reallocation combined with lots of inqs and/or high debt/utilization? Have there been people hit with FR who have NOT done reallocation? Or it just may be that I sneaked in before AMEX firmed up its policies and now simply hitting a certain CL threshold results in an FR?

Yep, some other people at creditboards got them. Most common factor was having really high credit limits, regardless of whether or not they were highly utilized.

On another topic, the BoA CSR told me the wrong statement closing dates on 2 of my BoA CCs. One of them closed yesterday and I now have 99% utilization. It will be posted to the CRA, I suppose. Am I screwed? What will be the effect?

jleung said:On another topic, the BoA CSR told me the wrong statement closing dates on 2 of my BoA CCs. One of them closed yesterday and I now have 99% utilization. It will be posted to the CRA, I suppose. Am I screwed? What will be the effect?

Two things:
1) always take what a CSR says with a grain of salt (BOA CSR -- 5 grains of salt)
2) no you're not screwed, but the chances of adverse action went up a little bit
I'd say don't panic, make min+ payment and make sure the card is paid down to 89% (or whatever you originally planned it to be) before the next statement closing date (now that you know when it is). BTW, were you not able to see statement closing date online?

cyberkost said:Two things:
1) always take what a CSR says with a grain of salt (BOA CSR -- 5 grains of salt)
2) no you're not screwed, but the chances of adverse action went up a little bit
I'd say don't panic, make min+ payment and make sure the card is paid down to 89% (or whatever you originally planned it to be) before the next statement closing date (now that you know when it is). BTW, were you not able to see statement closing date online?I agreed. My experience with BoA CSRs is that 80% of them don't know what they are doing, and you get transferred from dept to dept to dept, from east coast to west coast, etc. 20% of them know what they are doing, but these people did do things right.

I didn't know that I can see the statement closing date online until r0man told me today:
r0man said:BTW, you should look for the 'Closing date' under the 'Payment Summary'
on the left side column in BoA Online 'Account Details'I thought most credit card companies do not show the statement closing date online. At least I am not aware of it. Is that true? Which other CC companies have this feature online?

jleung said:Which other CC companies have this feature online? Citi displays next statment date.