topic Re: When does a new card show up on reports? in Credit Cards

When does a new card show up on reports?

Kendro — Wed, 23 May 2012 02:38:08 GMT

Opened an AMEX earlier in the month and the statement cuts 5/25. Can I expect it to hit my reports on 5/28?

Re: When does a new card show up on reports?

kevinjjc — Wed, 23 May 2012 02:45:01 GMT

Sounds about right, it should appear a few days or so after the statement bill date. It will probably show up on EX first, EQ second, and TU last.

Re: When does a new card show up on reports?

bichonmom — Wed, 23 May 2012 03:50:13 GMT

@Kendro wrote:
Opened an AMEX earlier in the month and the statement cuts 5/25. Can I expect it to hit my reports on 5/28?

Maybe yes and maybe no. Mine did report a day or two after the first statement cut. (TU was later, as usual.) But others here have reported their Amex not reporting until the 2nd stmt. So, YMMV.

Re: When does a new card show up on reports?

Mailak — Wed, 23 May 2012 04:15:59 GMT

My BCP lists that it cut on 5/18 but I don't see new account information reported yet. Also, not sure why they didn't wait 30 days for a full first statement - it said it covered 11 days.

Re: When does a new card show up on reports?

Anonymous — Wed, 23 May 2012 04:37:22 GMT

I'm not sure their is a deffinative answer on this one only because I too have recently opened a new AmEx Platinum card and I've had it about 3 weeks now and it hasent shown up yet? Funny how the statement date was like two weeks after opening it and the closeing date was a month after opening it weird!

Re: When does a new card show up on reports?

Anonymous — Wed, 23 May 2012 04:42:47 GMT

It just depends I opened my USAA Visa and it showed up the same day I opened Discover and it took 45 days YMMV

Re: When does a new card show up on reports?

bichonmom — Wed, 23 May 2012 04:44:31 GMT

@Anonymous wrote:
It just depends I opened my USAA Visa and it showed up the same day I opened Discover and it took 45 days YMMV

Amex is known for not reporting a new account for 1 to 2 statement cycles.

Re: When does a new card show up on reports?

Anonymous — Wed, 23 May 2012 04:49:50 GMT

I hope in my case it's two cycles because that whole end of statement only two weeks after haveing the card really threw me off so I guess I'm going to be carrying a balance on that statment I thought I was going to have until the end of the month before a payment was due which is true but the darn statement cutting after only two weeks put me carrying a balance. Darn it!!!

Re: When does a new card show up on reports?

bichonmom — Wed, 23 May 2012 04:54:03 GMT

My first statement cut 2 weeks after activation (for both Zync and Costco) and reported w/balance. I also wasn't expecting it so soon, but fortunately had a small 5% bal so don't think it had much of an impact on FICO. I have ended up continuing to let my Amex stmts cut w/balances since they were low and also the Zync isn't supposed to affect your util.

Any dip will reverse if it reports 0 next month. So, unless you're planning on apping before then, you should be fine.

Re: When does a new card show up on reports?

Anonymous — Wed, 23 May 2012 05:03:51 GMT

Thank you for sharing your experience I already paid in full and yes I don't really think it will do much since it's a Platinum card (charge card) not credit. It's just my pride is all I was so close to an 800 I know now it's going to be at least 3 months before my score goes down and then back up but crossing my fingers that when it does it put's me to my goal, come on 800!!!!

Re: When does a new card show up on reports?

bichonmom — Wed, 23 May 2012 05:16:01 GMT

I know... I hated seeing a 14-pt drop when a new account reported last week, because my AAoA year dropped to under 5 yrs. I'm trying to inch towards 800 and kind of went backwards. I keep telling myself that it's only temporary.

You've got an awesome score! Is this your first Amex? If not, your score may go up with backdating.

Re: When does a new card show up on reports?

Anonymous — Wed, 23 May 2012 05:34:33 GMT

Really it could go up? Well I have a Costco AmEx but it's only from 2010 I mean I did notice that my Platinum was backdated but I guess I really didn't think about it from that point of view wow now you have me all excited that it might actually get up their! Thank you for the complement on the score too!!! Your scores Rock too!!!

Re: When does a new card show up on reports?

bichonmom — Wed, 23 May 2012 06:09:14 GMT

Well, it will be backdated to when you got the card, so either April or May 2010, which will add about 2 years to your overall age of accts. (different than your AAoA). Depending on how it affects your AAoA -- if it's enough to increase your AAoA years -- you could gain points, or at least offset points from the bal reporting. At least you won't get a ding to your AAoA, which often comes with new accts.

Hope you hit 800!

Re: When does a new card show up on reports?

Kendro — Mon, 28 May 2012 21:12:50 GMT

@bichonmom wrote:
I know... I hated seeing a 14-pt drop when a new account reported last week, because my AAoA year dropped to under 5 yrs. I'm trying to inch towards 800 and kind of went backwards. I keep telling myself that it's only temporary.

You've got an awesome score! Is this your first Amex? If not, your score may go up with backdating.

Still anxiously awaiting my Score Watch to hit with my new AMEX so I can order a report and see what it does to my FICO. I think my AAOA will be 7 years with the new account so hopefully it won't drop more than 14 points.

Re: When does a new card show up on reports?

marty56 — Mon, 28 May 2012 21:53:08 GMT

IMHO to those who are close to 800 and want to reach that goal don't even think about applying for anything unless you really need it.

I have yet to see a thread here where the OP stated that their FICO score was in the 790's and applied for a CC which brought their score over 800.

LOL I just got DirectTV for DW so she could get more Korean channels and was terrified when the CSR stated they wanted to pull my credit. No INQ showed up on TU or EQ but I was more freaked out then when I apllied for an autoloan when my scores were in the 500's.