topic Re: Amex reporting in Credit Cards

Amex reporting

Anonymous — Sun, 30 Dec 2007 15:43:08 GMT

This is wierd-

On the 20th Amex updated with my Nov balance ($13) as expected-

Well today (30th) I noticed they have updated to the Dec statement balance ($25)

Only on EXP- anyone else?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 16:02:56 GMT

Timothy,

OK, you got me wondering... So, I check Amex CreditSecure. I have three Amex cards: green, blue, and clear. EX is current with all three (Dec stmt balances). TU and EQ are still showing one month behind (Nov stmt balances).

I know Amex is usually one month behind. It has always been that way for me (over the past 7 years). All of my accts have stmt dates early in the month - they range from the 3rd through the 8th.

Strange.

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 16:05:50 GMT

OK- good it is not just me then.

I have only had them from June 07.

Very interesting-

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 16:31:05 GMT

I checked too...Still a month behind....

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 18:42:15 GMT

This is how they've been reporting on my EX since Sept, always at the end of the month for the month that just ended. I'm quite sure it's the same on the others but I don't check them that often.

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 19:01:28 GMT

Wait a minute I'm crashing this party.

Someone has 3 AMEX cards?
I can't even get one and someone has 3?

What's the secret to getting in with them?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 19:33:05 GMT

@Anonymous wrote:
Wait a minute I'm crashing this party.

Someone has 3 AMEX cards?
I can't even get one and someone has 3?

What's the secret to getting in with them?

I have 2 currently Blue and Clear check my scores in my sig, what are your scores like?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:05:04 GMT

Which CRA does AMEX pull credit for approval, any one knows this?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:08:09 GMT

I also have 3 Amex cards: Blue Cash, Starwood, IN:NYC. EX was 737 about a month ago but at the time I got them I don't know my exact score but I'd imagine I was in the mid-600's. I applied for Delta Gold, HHonors, and Starwood within all within the course of a week and was approved for all.

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:10:09 GMT

I applied when I was at 690 and got rejected.

I know why my last one got rejected. A collection agency deciding to screw me years after it was paid in full.

Oh well.

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:10:51 GMT

So do they pull credit from EX when decision for approval is given?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:12:08 GMT

mmoore73 wrote:
So do they pull credit from EX when decision for approval is given?

for approvals yes. they have been known to soft other cra's for reveiws (often).

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:21:11 GMT

What's there credit criteria as far as score and overall credit risk levels in EX descion, i'm thinking about applying for one of there cards and which one is known to be good?

Re: Amex reporting

Anonymous — Sun, 30 Dec 2007 20:25:38 GMT

the easiest in seems to be a delta or starwoods. an relatively clean ex 620+ worked for me.

Re: Amex reporting

haulingthescoreup — Sun, 30 Dec 2007 20:49:29 GMT

The main thing about AmEx for their biggie cards is that they don't don't want to see any BK's at all, whatsoever, no lates of any kind within the last two years, and probably some others as well.

They have some cards (Delta, Starwood, Hilton Honors) with lower score requirements, and many people call and use the magic phrase "product change" to switch to a different card, usually one of the Blues. BUT they haven't figured out what to do with this new credit demographic, and they are famous for almost immediately asking you to report all your financial facts of life after you get your card.

They seem to have an internal war going as to whether they want to expand their customer markets or not.

So if you do this, great, but keep a non-AmEx card handy, and be prepared to give all the details of your financial life. I don't think it's out of line for them to ask this, but I do think that they ought to ask this upfront, if they're going to pucker up about having you as a cardholder.