topic Re: Question from the AMEX newbie in Credit Cards

Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 13:15:59 GMT

Does AMEX usually start reporting to the CRAs after the first statement closes like Chase does? I just want to know how quickly I should pay off this Delta ticket I just bought with the new Gold Skymiles card. Since they only started me with a $1000 limit I don't want my reported utilization to be super high. My account homepage says "closing Augs 3" so I'm assuming that is the first statement cut date. Thanks for any insight you can provide!

Re: Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 13:24:06 GMT

@Anonymous wrote:
Does AMEX usually start reporting to the CRAs after the first statement closes like Chase does? I just want to know how quickly I should pay off this Delta ticket I just bought with the new Gold Skymiles card. Since they only started me with a $1000 limit I don't want my reported utilization to be super high. My account homepage says "closing Augs 3" so I'm assuming that is the first statement cut date. Thanks for any insight you can provide!

Varies. Sometimes after first but often not until after 2nd statement. They're not very fast at reporting.

Re: Question from the AMEX newbie

CreditCuriosity — Thu, 23 Jul 2015 13:25:17 GMT

@Anonymous wrote:
Does AMEX usually start reporting to the CRAs after the first statement closes like Chase does? I just want to know how quickly I should pay off this Delta ticket I just bought with the new Gold Skymiles card. Since they only started me with a $1000 limit I don't want my reported utilization to be super high. My account homepage says "closing Augs 3" so I'm assuming that is the first statement cut date. Thanks for any insight you can provide!

1-2 Statements usually.. Once you get it to finally report it will report typically a few days after the closing date.. Although AMEX for the last few months has been running behind for many like myself.. Use to be like clockwork about 3 days after closing date I would see updated on CR, now it is a month or two behind. So your results may vary..Still waiting for my 2 month old Amex HHoronors to reports, yet to report.. Previous two Amex's reported in less than a month time.

Re: Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 13:31:35 GMT

Thanks for your quick responses guys!

Re: Question from the AMEX newbie

Discover2016 — Thu, 23 Jul 2015 14:35:51 GMT

For me they started reporting after two months. So it seems that two months or so is about average currently.

Re: Question from the AMEX newbie

empiror22 — Thu, 23 Jul 2015 19:42:01 GMT

Mine started about 1week maybe 10 days from when I received the card. It reported as open no balance. However most cards report after a few weeks, months. The other thing to know is utility only affects you that billing cycle.
Also like to add that I recently pulled a copy of a credit report and it showed my balances, payments and a bunch of details that are not normally shown on most none CRAs reports. These details were things like I purchased a 3k vacation paid it before the billing statement ( meaning the statement cyt with a zero balance) and the 3k was listed that month with a payment of 3k. Another example: bunch of purchases added to 5k paid with 3 payments of 1.5 k leaving a balance of $500, showed all the details of that months money. Now from what I was told by a friend that works for a bank as a analysist that if they manual review your file they can see all those details.

Re: Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 19:47:31 GMT

@empiror22 wrote:
Mine started about 1week maybe 10 days from when I received the card. It reported as open no balance. However most cards report after a few weeks, months. The other thing to know is utility only affects you that billing cycle.
Also like to add that I recently pulled a copy of a credit report and it showed my balances, payments and a bunch of details that are not normally shown on most none CRAs reports. These details were things like I purchased a 3k vacation paid it before the billing statement ( meaning the statement cyt with a zero balance) and the 3k was listed that month with a payment of 3k. Another example: bunch of purchases added to 5k paid with 3 payments of 1.5 k leaving a balance of $500, showed all the details of that months money. Now from what I was told by a friend that works for a bank as a analysist that if they manual review your file they can see all those details.

Wow that's crazy. Guess I'm going to have to look at my reports a little closer.

Re: Question from the AMEX newbie

taxi818 — Thu, 23 Jul 2015 19:53:49 GMT

Normal is 6-8 weeks. but lately. As stated. the are running behind for some reason. could be any time.

Re: Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 20:45:40 GMT

I opened all 3 Amex accounts in mid May. Not a single account has shown up on any CR yet and it's just over 2 month's. I'm thinking I will see them starting early August at this point. All my other accounts have shown up except the Venture and CSP I opened this month.

Re: Question from the AMEX newbie

Anonymous — Thu, 23 Jul 2015 21:17:57 GMT

Mine started reporting shortly after the first statement cut.