11-15-2010 01:13 PM
i have an amex blue cash. i am doubting they would do this but just curious.
11-15-2010 01:15 PM
How many is "too many", and in what time frame?
How long have you had the Blue Cash?
How long have you had CC's in general? (college age vs 30 years of credit history)
Are you going to let balances report on any of the new cards?
The rule of thumb with American Express is don't startle them with any sudden moves until they've gotten used to you.
11-15-2010 03:24 PM - edited 11-15-2010 06:58 PM
Many issuers, including Amex may object in the form of AA, if they decide a card holder has been opening up 'too many new accounts.'
11-15-2010 04:16 PM
what is AA?
11-15-2010 04:22 PM
what is AA?
AA=Adverse Action such as account closure, CLD, etc.
Here is a list of commonly used Abbreviations.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
11-15-2010 04:38 PM
ouch... i bet im cooked. i only had one bank card reporting when i was approved for amex blue cash on october 12. i have been approved for 7 other bank cards since then. yikes. i knew that this was not a good idea, but it didn't hit home until now.
my total debt across all of my 12 accounts is only 600 dollars. it was close to 2000 when i was approved for amex blue cash. i have been PIF on most of my cards, including amex blue cash. so i don't know what will happen now.
11-15-2010 04:54 PM
Just be ready for the FR. Amex loves them. They check your previous 2 years of tax returns. As long as you where truthful on your application and your truthful to the rep who asks you questions you should be fine. Not saying your going to get a FR just be prepared if you do. I dont think ive read about anyone getting there account closed with matching info to back up income. At worst a spending limit cap. I know how much fun it is to go app crazy its hard to stop when your on a roll.
11-15-2010 04:57 PM
i thought FR was for amex charge cards.
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.