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Frequent Contributor
frugalQ
Posts: 491
Registered: ‎03-23-2012
0

Amex Account Reviews already???

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?
Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
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Revelate
Posts: 9,642
Registered: ‎12-30-2011
0

Re: Amex Account Reviews already???

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.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Established Contributor
searchingfor67
Posts: 665
Registered: ‎08-02-2011
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Re: Amex Account Reviews already???


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.

 

 


+1

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCP $13K | Amex Costco TE $10.4K | Amex SPG $10.1K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Discover IT $9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU Flagship Visa Signature $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $10K | USAA World MC $9K
Established Contributor
Guava
Posts: 767
Registered: ‎04-08-2011
0

Re: Amex Account Reviews already???

Yup, this is normal, they softed my reports too


Starting Score (08/11/11): TU08: 643
Current Score: TU08: 741
Goal Score: Stay in the 700s; keep reports clean


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Frequent Contributor
frugalQ
Posts: 491
Registered: ‎03-23-2012
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Re: Amex Account Reviews already???

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!

Capital One Platinum 0/2.5K - AmEx Green NPSL - Amex Hilton HHonors Surpass 0/7K - Amex BCP 0/8.5K - Chase Freedom 0/3K - Discover IT 0/6.5K - LOC 0/2.5K
Valued Contributor
android01
Posts: 1,226
Registered: ‎09-22-2009
0

Re: Amex Account Reviews already???

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.  

EQ FICO - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14
Senior Contributor
Wolf3
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Amex Account Reviews already???

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

Frequent Contributor
BigDaddy18
Posts: 673
Registered: ‎04-23-2009
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Re: Amex Account Reviews already???


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.  



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


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Established Contributor
Chris123nTx
Posts: 500
Registered: ‎05-11-2007
0

Re: Amex Account Reviews already???


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!


 

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

Re: Amex Account Reviews already???

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.  :smileymad:  

EQ FICO - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14

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