topic Re: How long before AMEX uses new SP score? in Credit Cards

How long before AMEX uses new SP score?

MontegoMack — Sat, 04 Aug 2018 00:05:08 GMT

I was told that it takes AMEX a while - maybe even as long as 2 weeks - to use the latest SP score in a CLI request. My last SP pull based on their website was July 21st. Should the newer higher scored be applied in whatever algorithm they use by now?

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 00:45:25 GMT

Mine updates once a month on the 28th.

Re: How long before AMEX uses new SP score?

MontegoMack — Sat, 04 Aug 2018 00:47:04 GMT

I understand that they may update once a month - or however frequently - but I'm asking about how long that new SP score should be posted before it actually get factored in to consideration for a CLI request.

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 01:11:34 GMT

If you have access to your Experian credit report you can check to see when Amex soft pulls your credit. Alternatively, you can go to their application status site and see if you have any cost of credit letters. Those letters would contain the date when the pull is made each month. From there you should be able to figure out if Amex UW has your latest reports.

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 01:13:18 GMT

Unfortunately, in my experience, it may take 6+ weeks.. I’ve had two week old scores where they still used the one from the month prior..
This seems to be common practice amongst other banks as well...

Re: How long before AMEX uses new SP score?

K-in-Boston — Sat, 04 Aug 2018 01:15:38 GMT

You guys are helpful, but missing OP's very specific question. [Edit @Anonymous wins for answering while I was typing this.]

My scores usually don't fluctuate much during the month, but I do get several updates. As far as I am aware, they always used the score that was currently showing in my account. There have been posts where people said they were denied for a CLI or new card because Amex used an older score, but that has not been my personal experience.

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 01:15:34 GMT

I mean to say that the scores they use may be 6+ weeks old.. I’m not sure if there is clear data on exactly what the thresholds are for when the more recent score takes effect...

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 01:27:32 GMT

@K-in-Boston wrote:
You guys are helpful, but missing OP's very specific question. [Edit @Anonymous wins for answering while I was typing this.]
My scores usually don't fluctuate much during the month, but I do get several updates. As far as I am aware, they always used the score that was currently showing in my account. There have been posts where people said they were denied for a CLI or new card because Amex used an older score, but that has not been my personal experience.

He's trying to figure out when Amex UW pulls his scores; that's different from the EX FICO score reported in his online account. In my case my score online updates 2-3 per month but the score used for underwriting decisions is only pulled once per month and there's usually a 2-3 week lag between the last online update and when that score is available to underwriting.

For example, the last update of my score online was on July 25. But I was able to figure out from denial letters that Amex UW pulls my score in the first week of each month.

Re: How long before AMEX uses new SP score?

Shadowfactor — Sat, 04 Aug 2018 01:22:29 GMT

It was between 2-3 weeks for me.
They pulled and 3 weeks later it was used in my recent application.

I had done an app right after SP update at the start of my Amex card membership and it was not used

Re: How long before AMEX uses new SP score?

MontegoMack — Sat, 04 Aug 2018 01:56:54 GMT

I didn't mean to make my question a tough one to answer.

I was just checking to see when teh UWs get my most recent score to use it in a CLI request. I realize they may not get it the same day or even the same week. I'm just trying to be judicious in my requesting a CLI, limiting any reason for a denial.

I can also hope that they're just more lenient on CLI requests than they are on initial apps.

Re: How long before AMEX uses new SP score?

Anonymous — Sat, 04 Aug 2018 02:23:13 GMT

@MontegoMack wrote:
I didn't mean to make my question a tough one to answer.
I was just checking to see when teh UWs get my most recent score to use it in a CLI request. I realize they may not get it the same day or even the same week. I'm just trying to be judicious in my requesting a CLI, limiting any reason for a denial.

I can also hope that they're just more lenient on CLI requests than they are on initial apps.

Its not an easy question to answer.

I just checked my FICO score in my Amex online account:

Then I pulled my Experian credit report and found this:

Previously, based on letters from Amex quoting the date of the pulls, I had determined that their underwriting gets my EX score in the first week of the month. But then I checked my EX credit report a few minutes ago and saw the latest soft pull dated 7/27 which is 2 days after the update on the website.

But I'm pretty certain based on dates quoted in letters from Amex and cross-referenced against the dates updates appeared on the website that it takes 2-3 weeks for the scores on the website to be available or used by underwriting. Bottom line though is that Amex has their internal records, and if your history with them is good you should have no problem getting a CLI even if they aren't using the latest scores.