topic Re: AmEx NPSL Reporting and Strategy in Credit Cards

AmEx NPSL Reporting and Strategy

beargrease — Mon, 24 Apr 2023 21:51:03 GMT

Greetings,

I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.

I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!

Re: AmEx NPSL Reporting and Strategy

DONZI — Tue, 25 Apr 2023 00:40:15 GMT

Amex will know of and use your spend for sliding around the pseudo limit without regard to paying before statement cut. AFAIK it's (edit: the card, not the spend necessarily) gonna show in reports no matter what, just not likely to be any concern on usual FICO scores due to use/util.

The NPSL bar has been given a position upon approval, however it's apparently also going to periodically be tweaked.. The initial month(s) use perhaps will set/adjust the bar for the first 'period' -- EG: massive initial spend may slide the bar up, but I'd imagine it's going to be often already comfortably higher than the spend needed for the SUB for good+ credit profiles.

The gold isn't going to be an invisible tradeline AFAIK, even if you never let a balance report.

Re: AmEx NPSL Reporting and Strategy

fury1995 — Tue, 25 Apr 2023 00:22:30 GMT

@beargrease wrote:
Greetings,
I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.
I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!

Agree with @DONZI . Ames obviously sees your spending on all of your accounts. In addition, your other creditors and perspective lenders may be able to see payment data.

Re: AmEx NPSL Reporting and Strategy

SouthJamaica — Tue, 25 Apr 2023 02:40:03 GMT

@beargrease wrote:
Greetings,
I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.
I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!

1. Amex measures your spend by how much you spend. There's no need to have a balance at statement close. They know how much you spent.

2. Amex loves fast payment, so it's best to pay it fast, even before statement if you like to do it that way.

3. The card is not factored into utilization on almost all FICO scoring models, but if it reports a balance it is counted as an account with a balance.

4. I see no reason to hide it if you prefer not paying that fast.

Re: AmEx NPSL Reporting and Strategy

Kforce — Tue, 25 Apr 2023 03:42:00 GMT

@SouthJamaica wrote:
@beargrease wrote:
Greetings,
I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.
I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!
1. Amex measures your spend by how much you spend. There's no need to have a balance at statement close. They know how much you spent.
2. Amex loves fast payment, so it's best to pay it fast, even before statement if you like to do it that way.
3. The card is not factored into utilization on almost all FICO scoring models, but if it reports a balance it is counted as an account with a balance.
4. I see no reason to hide it if you prefer not paying that fast.

^^^^ This

Personal point of view.

I never move spent to a card with lesser rewards just to maybe get a larger CL or

believe it will build a relationship. They need to be content with how a card best works for you.

Meet the Sub's and use the cards how it fit's your spend.

It is really that simple.

Re: AmEx NPSL Reporting and Strategy

Anonymous — Wed, 03 May 2023 15:14:54 GMT

@SouthJamaica wrote:
@beargrease wrote:
Greetings,
I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.
I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!
1. Amex measures your spend by how much you spend. There's no need to have a balance at statement close. They know how much you spent.
2. Amex loves fast payment, so it's best to pay it fast, even before statement if you like to do it that way.
3. The card is not factored into utilization on almost all FICO scoring models, but if it reports a balance it is counted as an account with a balance.
4. I see no reason to hide it if you prefer not paying that fast.

re: #2: I've found that paying off my cards before they're due causes my cu to drop to 0% and my scores to drop as well. Be careful.

Re: AmEx NPSL Reporting and Strategy

OmarGB9 — Thu, 04 May 2023 02:15:28 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@beargrease wrote:
Greetings,
I recently had a new credit line spree, in 3 weeks I opened an AppleCard, Fidelity Rewards, AmEx BCP, and AmEx gold (my first NPSL card) from 3/15/23 to 4/8/23. In retrospect I would have done it differently and I have learned a lot in a month, and am not harmed by the temporary dip in my FICO9 (down to 810). I expanded my TCL by 2x. I can meet all SUBs, and don't have any major credit inquiry needs soon (>6-12mo.) But I have a question about the AmEx NPSL and strategy.
I have read elsewhere that if I don't have a balance at statement close, the Gold won't even show up on my CR. Both the Gold and BCP only made soft pulls. However, I want to appear as the best lendee I can be to AmEx, so my question is how AmEx measures my spend and NPSL, if it's an average of daily charges/balances or strictly statement balancess. Further, is it advantageous, in light of my velocity, to conceal the Gold as best as possible for future credit inquiries more than a year in the future? Essentially, is it best to let a statement balance generate on the Gold or pay it down to 0 beforehand? Many thanks for reading and replies!
1. Amex measures your spend by how much you spend. There's no need to have a balance at statement close. They know how much you spent.
2. Amex loves fast payment, so it's best to pay it fast, even before statement if you like to do it that way.
3. The card is not factored into utilization on almost all FICO scoring models, but if it reports a balance it is counted as an account with a balance.
4. I see no reason to hide it if you prefer not paying that fast.
re: #2: I've found that paying off my cards before they're due causes my cu to drop to 0% and my scores to drop as well. Be careful.

Only if you allow ALL of your cards to simultaneously report a zero balance. Then you get hit with the all-zero penalty. Simple fix for that is to let a small balance report and THEN pay in full after it reports (no, this doesn't mean you need to pay interest). @Anonymous