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Valued Contributor
navigatethis12
Posts: 1,954
Registered: ‎01-24-2012
0

Re: Amex Account Review?

American Express and Chase were doing the same thing to me last year. As soon as a hard on Experian was recored, a soft would be done by them. After about the fourth or fifth one, they stopped checking. Other lenders may do the same thing with newly approved accounts. It's probably to make sure you aren't maxed out on every card and applying for more credit.

Established Contributor
snowkitty
Posts: 985
Registered: ‎09-10-2012
0

Re: Amex Account Review?

I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble! :catwink:

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

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Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Amex Account Review?

Quit worrying you will be fine :smileyhappy:
congrats on the new card :smileyhappy:

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Valued Contributor
navigatethis12
Posts: 1,954
Registered: ‎01-24-2012
0

Re: Amex Account Review?


snowkitty wrote:

I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble! :catwink:


Well they couldn't have been doing an account review before you had an account. Living in fear of a lender is no way to be. You should apply for a card if you want and not be terrified that American Express will close the account. As long as you aren't accumulating more and more debt, you have nothing to be concerned about.

Valued Contributor
thom02099
Posts: 1,351
Registered: ‎08-30-2011
0

Re: Amex Account Review?

[ Edited ]

snowkitty wrote:

Also, when I googled "Amex account review", I saw where someone posted in another forum that Amex is contacted with each hp on your credit....is that true??


Not sure how this could possibly be true, since there would be a number of issues involved. 

 

First would be privacy issues, seems like consumers would have to be aware that this is standard practise. Seems like something within FCRA would prevent this.

 

Second, logistically it would be a staggering feat for them to pull this off -- AMEX is big, but they ain't THAT big!  Think of the gazillions of inquiries that are made yearly on all credit cards issued by every possible bank.  AMEX could not possibly keep track of, and more importantly, analyse the results. 

 

Third, it would be reasonable to assume that, as competitors, another card issuer is not going to give AMEX that info.  And as a privacy issue, it's highly doubtful that the CRAs  would give up that info to AMEX either.  Doubtful also that Fair Isaac would give it up to just one issuer and not everyone. 

 

Sounds to me like an urban legend!

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 799 EQ = 812 TU = 811 - 11/2014
Established Contributor
snowkitty
Posts: 985
Registered: ‎09-10-2012
0

Re: Amex Account Review?


navigatethis12 wrote:

snowkitty wrote:

I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble! :catwink:


Well they couldn't have been doing an account review before you had an account. Living in fear of a lender is no way to be. You should apply for a card if you want and not be terrified that American Express will close the account. As long as you aren't accumulating more and more debt, you have nothing to be concerned about.


It was them soft pulling me to send preapprovals. Both times they sp'd me, I would get an offer in the mail shortly after. I do worry about Amex because of the stuff I read here but I also am so happy about all the progress I have made over the past year that I sometimes feel like the rug is going to get pulled out from under me. I guess it's something time will heal. *lol* Plus, today is one of those days that everything that can go wrong, has so I am already unhinged....so the words "Account Review" sure didn't help.

 

My ulility is only 8% so I'm not charging anything out of the norm to spook any lenders

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

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Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: Amex Account Review?

Its completely normal for Amex to soften new accounts. I am pretty sure they have a subscription to be notified of changes anyway. Even if they did a FR, just show them what they want. Piece of cake.

 

If you are that concerned about AA with current creditors and opening new accounts, just stop applying for a while.

100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
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Established Contributor
snowkitty
Posts: 985
Registered: ‎09-10-2012
0

Re: Amex Account Review?

I won't be opening anymore cards....there is no more than I want. The mastercard yesterday was my cherry on top....I finally feel complete
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Valued Contributor
Burned2manybridgesB4
Posts: 2,308
Registered: ‎03-15-2012
0

Re: Amex Account Review?

Too much of a coincidence, OP. I had an AR from amex, the next day, following my latest app to sterling. They know when you get pulled!
RIP: AxHH (11-25-14)

Established Contributor
toppers555
Posts: 552
Registered: ‎09-28-2012
0

Re: Amex Account Review?

[ Edited ]

thom02099 wrote:

snowkitty wrote:

Also, when I googled "Amex account review", I saw where someone posted in another forum that Amex is contacted with each hp on your credit....is that true??


Not sure how this could possibly be true, since there would be a number of issues involved. 

 

First would be privacy issues, seems like consumers would have to be aware that this is standard practise. Seems like something within FCRA would prevent this.

 

Second, logistically it would be a staggering feat for them to pull this off -- AMEX is big, but they ain't THAT big!  Think of the gazillions of inquiries that are made yearly on all credit cards issued by every possible bank.  AMEX could not possibly keep track of, and more importantly, analyse the results. 

 

Third, it would be reasonable to assume that, as competitors, another card issuer is not going to give AMEX that info.  And as a privacy issue, it's highly doubtful that the CRAs  would give up that info to AMEX either.  Doubtful also that Fair Isaac would give it up to just one issuer and not everyone. 

 

Sounds to me like an urban legend!


Not that hard tbh  Advanced Resolution Services is an example. 



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