Credit Cards

[frugalQ]

Hi everyone.

I pulled my TU and EX credit reports from annualcreditreport.com to see the soft pulls. Lo and behold, Amex did an account review on TU on 4/18/12 and on EX on 5/4/12.

I just got the Amex Green on 4/7/12. My first statement closed on 5/3, but they did not report to the credit bureaus. Is this the norm for Amex or is this something they do to new customers?

[Revelate]

Virtually every lender soft pulls a new customer for the first few months.  This is utterly normal, not necessarily related to any sort of account/financial review.  Don't sweat it.

[searchingfor67]

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Revelate wrote:

Virtually every lender soft pulls a new customer for the first few months.  This is utterly normal, not necessarily related to any sort of account/financial review.  Don't sweat it.

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+1

[Guava]

Yup, this is normal, they softed my reports too

[frugalQ]

Thanks everyone for the replies. It's good to know that it's temporary. I completely understand periodic reviews, but every two weeks (for the rest of my relationship with Amex) seems like overkill!

[android01]

Also, many new AMEX customers don't have the new account report for 2-3 billing cycles, so don't be surprised with that either.  

[Wolf3]

They dumped me 4 years ago and are still doing softs every few months.   I expect it to last forever.

[BigDaddy18]

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android01 wrote:

Also, many new AMEX customers don't have the new account report for 2-3 billing cycles, so don't be surprised with that either.  

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I was wondering when mine was going to hit, it hasn't shown up on myFico yet but now that you mention this makes since!  Thanks

[Chris123nTx]

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frugalQ wrote:
Thanks everyone for the replies. It's good to know that it's temporary. I completely understand periodic reviews, but every two weeks (for the rest of my relationship with Amex) seems like overkill!

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I get three soft pulls a month from amex. They are three different addresses for them too. One is listed as account review, cant remeber what the other two are called if anything other than just amex. This has gone on with me forever, no idea why. They also are not regularly spaced. I can have one say on the 4th of a month, then another on say the 9th then another some random amount of time later. The 4th and 9th are just examples, they are all random and even differ from one month to the next. Go figure. I dont have anything unusual. I had a platinum delta they did it with, and recently changed that to a bcp and they do it with that too. No rhyme nor reason, but i have read here that others hve seen similar softs from them.

[android01]

Amex reviews my file roughly once a year,  and I've been a member since 1986.  On a more sinister note.  It seems as though Experian somehow notifiies your current creditors that you are applying for new credit.  There are entries by CREDIT COMMUNICATION SVCS that always appear on my EX report that trigger two thirds of my CURRENT creditors to soft my EX report whenever I apply for a new TL.  This NEVER happens with EQ or TU.