10-13-2012 09:25 PM
Yes, when you apply another AMEX card they use most recent SP, which is typically one month late compared to your credit report at the time.
AFAIK, it can be as much as close to 2 months out of date unfortunately. Amex SP's customers once every two months is my understanding of it, so it may well be more than one month out of date depending how various reporting timelines break for one's individual report.
10-13-2012 09:37 PM
AMEX is keeping a close eye on me. I see AMEX SP me every month when I had Zync.
10-13-2012 09:53 PM
My util was around 50% when I applied/was approved in May of this year. I was a member in 2006, but with no real history with them 'cause I cancelled the card after 2-3 months.
EX Fico was 701 according to them. No negatives, decent income.
10-14-2012 01:51 AM
10-14-2012 01:52 AM
10-14-2012 01:55 AM
10-14-2012 07:17 AM
I think what I am going to do is wait until around the 13th of November to apply. This way I can also pay down another $1,200 total on 2 other cards so that those will also be reported to MyFICO by that time. What I have been doing is paying off most of my balances a day before the statement generates so that once it does, I use the card to pay bills with what is left on it. This way it looks like the cards are being paid down significantly and the credit bureaus won't know until a new statement is sent to them a month later. Does this make sense?
10-14-2012 09:16 AM - edited 10-14-2012 09:17 AM
10-14-2012 09:48 AM
10-14-2012 09:55 AM
Amex has softed me on tu every month on the 28th since I got a zync in march. They have softed me on ex on the 24th of August and September. I don't know if the two softs are for my two cards, or they are just extra interested.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.