01-04-2013 03:53 PM - edited 01-08-2013 12:06 PM
Long time lurker here. You all are to thank for my recent credit successes. So Id like to start by saying Thank You to everyone on the board.
I just have a few questions:
1.) What date is the date that Amex uses to determine your member since date? Issue date?
I applied for Amex HHonors card on 12/20. Initially declined. After a successful recon I was approved and issued a card. However, the card says member since 13 and so does the online account. Card agreement date 12/27. I called Amex and the rep told me that although the issue date was 12/31/12 because I could not use the card in 2012 I was not a member since 2012. Is this correct? I plan on calling back later in the week to get a different rep. As that reasoning doesn't quite make sense. Please correct me if I am wrong.
2.) Have you heard of a 30 day CLI from Amex before?
When I reconned the rep told me that I could apply for a CLI in 30 days. He said use the card for 30 days see if you like it and you can call back and ask for a CLI. Everything I have read indicates a 61 day wait for a CLI. Has anyone heard of this before?
3.) When does Amex report your balances?
I am just a little unclear on this. I don't plan to carry a balance but would like to know how soon after the statement closing date will the balance be seen on the Credit reports.
Thanks in advance.
EDIT: Amex updated my account to reflect 2012 join date
01-04-2013 04:16 PM
01-04-2013 04:57 PM
Get another Rep with a full knowdledge about Amex system.
Look like he doesnt really know what he told u...
PS: Will you share with us how you recon with Amex ????
01-04-2013 05:33 PM - edited 01-04-2013 05:38 PM
No prior relationship with Amex. HHonors is my first card with them. I tore up my denial letter so I dont remember the specific reasons. Although it was really similar to someone elses reasons that were posted. I will see if I can find it. Anyway they cited Experian as what they pulled. They said my score was 687 (sorry dont remember the exact number) Also that my utilization was high.
I pulled my Experian and saw that the score said 716 and that according to that Credit report it Utilization was 9.7%. I faxed in my credit report and two days later it was approved.(Called in before to recon and the first rep wouldnt even talk to me about a recon)
Reasons for denial
FIco score (687)
Length of time accounts have been established
Proportion of loan balances to loan amounts is too high
Proportion of revolving balances to revlovling credit limits is too high
Edit: No second hard pull after the recon. (Everything done on that initial hard pull)
01-04-2013 05:37 PM
1) if you apply late in december you risk getting a next year member date. You can keep calling and asking but I dont know if they'll change it.
2) CLI I've heard of is the 61 day 3x cli. I wouldnt request a cli before then, that seems to be when to do it. People sometimes get denied if they do it on day 59 or 60.
3) not sure about this one, most creditors report within a couple days of the statement, with the exception of the first one. Some lenders take a long time to initially report the account.
Thanks I will just wait for the 61 day mark. Just odd to hear 30 days (he even put me on hold to check) when you have been reading 61. I am going to keep trying for the '12 member since.
01-04-2013 05:38 PM
Börk Börk Börk!
Did they pull all three ??? What credit limit they start you with ???
01-04-2013 05:40 PM - edited 01-04-2013 05:55 PM
Just pulled Experian as far as I know. No SW alert. 1k limit. I tried to ask for a higher limit and thats when he told me the 30 day thing mentioned above. I will wait on that though.
Edit: Hit TU as well.
01-04-2013 06:02 PM
Yes, I have read a few threads here in December warning people to wait until Jan for max backdating or new customers to apply early december for 2012 member date, or chance being issued a 13' card.
01-04-2013 06:18 PM
I'd keep on Amex for the 2012 date. The Executive Office is a great place to begin this - I'd stop wasting time with level 1 clowns. The EO has twice been nothing but stellar with my requests, both times Next Day Air FedExing my new cards (one for backdate correction and the other for ExpressPay chip).
Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.
Minor vulgarity edit --Rev
01-08-2013 12:05 PM
Just an Update:
After being told no over the phone. I sent a secure message and Amex came through. My online account has been updated to 2012 and a new card is on its way!
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.