topic Re: AMEX letter in Credit Cards

AMEX letter

frogfan12 — Thu, 09 Feb 2012 22:29:17 GMT

My AMEX letter came in the mail today and it included my EX score. I have a 736! I was kind of shocked.

So it is typical for them to not include the CL on the introductory letter?

Re: AMEX letter

Anonymous — Thu, 09 Feb 2012 22:32:18 GMT

Yes, AMEX sends a introductory congrats letter with your score and how you are doing and the card follows 2-3 days later.

You know the credit limit once the card arrives.

congrats on the approval

Re: AMEX letter

Anonymous — Thu, 09 Feb 2012 22:57:26 GMT

@Anonymous wrote:
Yes, AMEX sends a introductory congrats letter with your score and how you are doing and the card follows 2-3 days later.

You know the credit limit once the card arrives.

congrats on the approval

You can also call the number they provided on your approval, and they should tell you. I just couldn't wait!

Re: AMEX letter

espnjunkie — Thu, 09 Feb 2012 23:03:25 GMT

It's killing me waiting for my new AMEX Green. I was approved last friday but still nothing yet. I keep checking the mail each day...maybe today haha?

Wait do they send you the card right away or a letter first after approval?

Re: AMEX letter

Anonymous — Fri, 10 Feb 2012 02:05:35 GMT

@espnjunkie wrote:
It's killing me waiting for my new AMEX Green. I was approved last friday but still nothing yet. I keep checking the mail each day...maybe today haha?

Wait do they send you the card right away or a letter first after approval?

The approval letter comes first. Don't forget to look on the back, that's where the score actually is. I got mine this week, but I'm still waiting for the card...it's day 10! They overnighted my PRG!!

Oh yea, congratulations to the OP!!

Re: AMEX letter

frogfan12 — Fri, 10 Feb 2012 04:38:27 GMT

Thanks all! They told me my CL when I called in on Monday but I just found it kind of weird that they would send a letter with my credit score but no CL.

Re: AMEX letter

Anonymous — Fri, 10 Feb 2012 04:39:47 GMT

I wish they'd give me my EX score! Every time they've double or triple pulled my reports (and always included EX), but they always give me my TU score. Never Experian I don't understand why.

Re: AMEX letter

frogfan12 — Fri, 10 Feb 2012 04:57:57 GMT

That's weird. I thought they mainly pulled Experian.

Re: AMEX letter

espnjunkie — Fri, 10 Feb 2012 15:43:10 GMT

I never got an 'approval' letter. The card came yesterday along with the cardholder agreement. It didn't take long to activate and they even told me what my inital spending limit was when I asked ($2,200.00 for the first month). Now a couple other interesting tidbits...

I asked about using the check spending ability button and the representative encouraged me to use it as much as I wanted. I asked if that was monitored or could potentially have any negative consequences and he laughed and said of course not, it's just a way for people to check if a particular purchase would go through. I have heard otherwise from people so I don't want to try using it too much, but he said I do not have to worry about getting FR for using it.

Another interesting thing was that every six months of so AMEX reviews your account based on payment history, spending and remittance. He mentioned that to obtain higher spending limits it is best not to make two $500.00 payments per month, but rather pay $1,000.00 once per month so the average payment is higher.

Re: AMEX letter

Open123 — Fri, 10 Feb 2012 15:51:08 GMT

@espnjunkie wrote:
Another interesting thing was that every six months of so AMEX reviews your account based on payment history, spending and remittance. He mentioned that to obtain higher spending limits it is best not to make two $500.00 payments per month, but rather pay $1,000.00 once per month so the average payment is higher.

Are you referring to the charge card? AmEx bases their decisions on experience they have with existing cardmembers. The overwhelming majority of their higher spending cardmembers never pay early before the due date, in parts throughout the month, and will always pay in full with a single payment.

The only exception is when you're charging above the NPSL. They'll call and say until payment is remitted, further charges will be declined. This hardly ever occurs for long standing charge card members.

Re: AMEX letter

espnjunkie — Fri, 10 Feb 2012 16:03:02 GMT

Yes I have the charge card. I will just pay in full for the balance each month. $2,200.00 is more than I currently need right now so I have no problem with my limit. The Capital One card is great for overseas travel because of no foreign transactions fees. Capital One actually does have a decent online perkcentral store. I just bought some shoes and got 9% bonus cash back where AMEX would only give me 3X points for DSW. The green is new new charge everything to card, but it doesn't always give the best discounts.

Re: AMEX letter

pizzadude — Fri, 10 Feb 2012 16:16:29 GMT

@frogfan12 wrote:
My AMEX letter came in the mail today and it included my EX score. I have a 736! I was kind of shocked.

So it is typical for them to not include the CL on the introductory letter?

That's a great score ~ congrats !!

I was approved for a Zync last year and never saw my score, it wasn't on the welcome letter or any of the paperwork they mailed. I tried calling several times but could never get thru to someone who could tell me what it was.

But since I am an existing cardmember, now I can simply apply for an AMEX revolver card every few months or so and get my EX FICO if they decline my application, and it is only a soft pull.

Re: AMEX letter

espnjunkie — Fri, 10 Feb 2012 16:20:52 GMT

If you a cardmember and you get declined for a revolver they just soft you? Wow that's really a nice benefit. I really like the backdating capability.

Re: AMEX letter

pizzadude — Fri, 10 Feb 2012 16:44:33 GMT

@espnjunkie wrote:
If you a cardmember and you get declined for a revolver they just soft you? Wow that's really a nice benefit. I really like the backdating capability.

Yes, in my experience ( and others have reported as well ) , existing cardmemembers don't get a HP unless approved.