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Regular Contributor
MustangSaluki
Posts: 203
Registered: ‎07-07-2008
0

Re: Amex Account Review?

Business As Usual. American Express Financial Review will show up on the day of/after the INQ as they subscribe to this EX service. It will also show up around the days a new derogatory account is reported (lates/collection etc). Pretty nice of Experian eh? :smileyfrustrated:

Frequent Contributor
WarJar101
Posts: 341
Registered: ‎08-14-2012
0

Re: Amex Account Review?

Word! It's alright snowkitty you'll be fine.

Cap One Platinum MC $2.5k CL (08/12)
Citi Forward Student Visa Card $1.5k CL (09/12)
Express NEXT Card $0.25k CL (02/13), Jcrew CC $0.7k CL(02/13)
AMEX PRG NPSL (03/13), AMEX Gold Delta Skymiles 2k (03/13)
Walmart Credit Card $1.5k (03/13)
TU: 687 FICO (3/13) | EX: 692 Lender Pull (3/13) | EQ: 678 (4/1/13)
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Valued Contributor
improvingmycredit
Posts: 1,402
Registered: ‎07-12-2011
0

Re: Amex Account Review?

Hello All!
Amex- Citi and other financial institutions subscribe to a service offered by the CRBs to alert them of new hard inqs and provides the subscriber a sp inq of the new information. It's common practice. Not all banks subscribe for example Barclays- which does their own investigating via SP. OP- Amex reviews their accounts frequently and the SPs come under 2 headings: Amex Act Review and Amex. As long as you manage your accounts well and don't let that utility creep up- you'll be fine. Hope this helps you. :-)

Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

Senior Contributor
Open123
Posts: 4,219
Registered: ‎02-23-2011
0

Re: Amex Account Review?

Completely normal.

 

Chase, Citi, and Amex all use a service (at least they use the service with my accounts) that alerts them automatically whenever I have a HP and/or new account.  All three (amongst others, B of A does this too) will automatically have a SP account review, irrespective of which CR posted your HP.

 

This has been like clockwork the entire time they've extended me credit.

Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Amex Account Review?

I bet they pay a hefty feeeee for those alerts too!!!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
FocusedAndDetermined
Posts: 6,439
Registered: ‎01-05-2013
0

Re: Amex Account Review?


bluedog1 wrote:

Nothing to worry about, Amex soft pulls EX at regular intervals for the life of an account.


...and beyond. I haven't had an Amex in nearly 20 yrs, and my reports still show SPs from three different Amex division, including Account Review.

Valued Contributor
android01
Posts: 1,226
Registered: ‎09-22-2009
0

Re: Amex Account Review?

[ Edited ]

There is a dirty little secret about EX.  If anyone has backdoored their EX reports and seen a SP from CREDIT COMMUNICATIONS SV, you'll know what I'm talking about.  EX notifies all of the lenders that subscribe to EX that you are applying for new credit.  They do this through CREDIT COMMUNICATIONS SERVICES.  For example, I applied for a Citi card on October 27th 2010.  There was a soft pull from Credit Communications Services, Amex, Chase, and Bank of America all on the same day 10/27/2010.  I have accounts with all of the aforementioned, and I've seen this pattern repeat over time, only when there has been a hard pull from an application.  EX does notify other creditors when you are seeking new credit.  :smileyindifferent: 

EQ FICO - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14
Senior Contributor
Open123
Posts: 4,219
Registered: ‎02-23-2011
0

Re: Amex Account Review?


android01 wrote:

There is a dirty little secret about EX.  If anyone has backdoored their EX reports and seen a SP from CREDIT COMMUNICATIONS SV, you'll know what I'm talking about.  EX notifies all of the lenders that subscribe to EX that you are applying for new credit.  They do this through CREDIT COMMUNICATIONS SERVICES.  For example, I applied for a Citi card on October 27th 2010.  There was a soft pull from Credit Communications Services, Amex, Chase, and Bank of America all on the same day 10/27/2010.  I have accounts with all of the aforementioned, and I've seen this pattern repeat over time, only when there has been a hard pull from an application.  EX does notify other creditors when you are seeking new credit.  :smileyindifferent: 


Yep, see them all the time on my softs.  Everytime I do anything, they send out to all my creditors.

New Contributor
danielodonoll
Posts: 401
Registered: ‎03-16-2013
0

Re: Amex Account Review?


WarJar101 wrote:

Word! It's alright snowkitty you'll be fine.


plus one

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
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Current Fico/EQ-765
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Valued Contributor
Dustink
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Amex Account Review?


youngandcreditwrthy wrote:
I bet they pay a hefty feeeee for those alerts too!!!

Bulk discount. They pay a lot less than we do...haha

 

Maybe 1 cent per card holder, but yeah that would add up.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


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