How to Avoid an AMEX Financial Review | Things to Avoid & What To Do If It Happens to You 

Thank you Ernest for sharing the tips ! This is why i love your channel . Your the best José P.

Dear Ernest, Thank you once again for making a useful video about credit cards. Only a few people know AMEX has a risk management technique called "Financial Review". And in that few people only very small amount people know what triggers Financial Review. This video will definitely create awareness among people and they can avoid some of their spending patterns that will raise a red flag in the long run. PS: I want to personally thank you for considering my request to share my AMEX FR experience to your subscribers in this video.

Good to know about the sending monies to others thing that AMEX frowns upon. Been an AMEX card holder for decades and never knew about this. Appreciate the info my friend!

Quality content. Very professionally done!

Thank you for uploading an informative video on AMEX Financial Review. Certainly, this video would help people to avoid Financial Review. I have just begun watching your videos. Great Work!! Keep it going!!

Having two PayPal accounts is against PayPal’s terms of service, also, sending money to yourself can also be seen as abusing the point system. Him having two PayPal accounts were mentioned in the letter.

I am so glad you explained this. I didn’t know this wasn’t allowed. I have a friend having problems and have sent cash via PayPal with another card. Thankfully, it wasn’t on my Amex. Thank you both for the heads up.

Very informative...💯🔥🔥🔥👊🏿

I recently was put under FR by Amex for my Skymiles Platinum card after requesting a credit limit raise from $32k to $36k. I did not think this was unreasonable, and I have never had a limit increase denied before over the 7 years I have had this account. I was told I needed to sign some documents giving Amex access to my previous 2 years of taxes, which I did. I was under no impression there would be an issue until only 2 days later my credit limit was decreased without warning or notice from $32k to $20k. I am now awaiting the letter from Amex explaining the decrease, and I plan on appealing. I think what happened is that my income that I reported to Amex was about 40% higher than what is reported on my taxes, because a large portion of my income comes from tax exempt sources, and therefore not reported at all. There wasn't a mechanism for me to report that on the form that they had me sign, so I am assuming when the letter of explanation comes in I will be able to call Amex and work this issue out. Anyway, I wanted to share a relevant experience.

Keep your credit limits on all your cards under $35k and preferably under $30K. Having a credit limit over $35K will trigger a review.

Good info!! I’m more in the chase Credit card camp...so don’t hike my AMEx much..but thanks for sharing

I have a business checking and high yield savings account with them so I hope that prevents me from having to ever go through that

Great info! I agree, be honest on the income of your apps and request. Fortunately, I haven't been graced with an Amex Financial Review, but I am sure someday it'll happen to me .

If you put a sole proprietor on a business card, what does Amex look for on a financial review? I have the Blue Business Plus.

Does Amex let you include reasonable expectation of access to means to other members in your household?

I've had American Express cards for years, and this is the first time I've ever heard of a financial review by them.

will you get flagged for making purchases through paypal? (not sending money)

Hello, I have 2 Amex card.I want to close Amex Everycard but before closing i am thnking of transfer the credit limit over to another Amex.The limit is $2,000 so can I transfer $1800 to another amex and close that Everyday card?

This is excellent and very informative, although there was a scenario not mentioned, what happens when they request when you apply for a credit card with Amex and they will ask to provide the form IRS 4506-T? I

I was wondering howc long it will take for the finicail review?.Currently, I was also under a credit review after I used PayPal. So sad, I should watch this video before.

If he use PayPal what does that have to do with Amex. Are they two separate companies ?

Do Chase, Capital One and Discover do financial reviews as often/extensively as Amex?

I currently have an AMEX PRG card with no spending limit and never had any issues.I was thinking of applying for the SPG card. Will that increase my chance of a financial review?

Hi. Can someone answer. My card got stolen and used, and thank goodness it was caught by fraud detention, but now we are in a financial review. Is this normal?

I saw a RU-vid video stating a very easy way to trigger a financial review is to use a personal card for business expenses, is this true? I’ve only heard of this from that one video.

I also believe having over 4 Amex cards puts you in financial review risk

Would providing bank statements be enough on a Amex financial review? Or is a 4506 a must to pass fr ?

So I wonder if the spending approval is good or bad. Even once.

How to avoid financial review if I send money to my family as a repayment for gift deposit for a house

if self-employed your gross is a lot different than your taxable how does it work for them you can have losses on paper but still be making money so you can gross 60k and have 50k in deductions total annual income is before expenses is gross so AGI does not tell whole story bank statements can be more accurate and if uber diver your millage is not a real expense especially if you drive a hybrid car

☝️👍👌 awesome info I plan on getting amex in the future.

The Check Spending Power does not lead to any Financial Review. This is an urban legend. You have a limited number of checks you can try in a 24h period. That is all. Getting a FR because of Check Spending Power checks is an Urban Legend. It makes no sense for a credit/charge card company to penalize customers checking beforehand whether a purchase would be approved. The function is only useful anyway on charge cards with no predefined spending limit - as it does alao show the American Express anti-fraud team that a huge charge is planned.

So being an Idiot 19 year old I was so confused about what limit my platinum has and I clicked on the Check Spending 3 times today and yesterday. Should I be expecting a Financial Review? I haven't even got the card yet. ):

known this for so long. discover does it so commonly. better have your paperwork in order.

HEY WOULD THEY DO THAT IF YOU ARE IN THE MIDDLE OF TRAVELING AND THEY CUT THAT CARD OFF?? WOW. WHAT SAY YOU??THIS WAS A GREAT VIDEO THANKS.DIFRT FARMER MICHAEL USNAVYRETIRED ORG. FROM GA. LIVING IN THE COUNTRY OF PANAMA.(ALWAYS WISHING THAT MY MESSAGE FIND YOU AND YOUR WELL ALWAYS) BE SAFE AND TAKE CARE.

Good video much better then ask sebby

I'm not trying to be mean or nice but you were pretty funny looking and that's good because of women like something funny I'm just I'm not trying to be mean