topic Amex account review???? in Credit Cards

Amex account review????

pokerpro — Wed, 04 Jul 2012 12:40:50 GMT

Hello everyone -

I wanted to seek some guidance and advice

My wife and I have Amex Blue cash since 08 - She is the owner & I am the AU

we were never late, never maxed out - always pay more than minimum. And never once asked for CLI

yet - I just looked at our experian and there are a total of 5 SP ( three on hers, 2 on mine) within June

why are they reviewing it ??? so closely???

We have no new open accounts in several years other than a loan. that is it

Utilization is below 10% consistently

any insight

Re: Amex account review????

Datx — Wed, 04 Jul 2012 13:07:59 GMT

I believe its pretty normal for Amex to do this. They do it to pre-qualify you for other cards. And they could also do it just in case they see a risk as you go along. Risk meaning increase in balances with other cards, etc. Just what they do.

Re: Amex account review????

flowfaster — Wed, 04 Jul 2012 13:16:17 GMT

Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic

Re: Amex account review????

GST2008 — Wed, 04 Jul 2012 13:43:01 GMT

The multiple soft-pulls are probably for multiple different things. Check them and see if they are associated with different addresses. I think the general credit check has a different address from the department that checks to see if you are eligable to be pre-approved for a different card or service. I will sometimes have multiples in one month, but from different addresses, and then will go several months with no softs at all. I wouldn't worry about it.

Re: Amex account review????

Repo-ed — Wed, 04 Jul 2012 14:20:33 GMT

Nothing to be concerned with.

Re: Amex account review????

pokerpro — Wed, 04 Jul 2012 14:54:22 GMT

Thanks everyone You are right Repo we have nothing to worry about. Finances are in order But they are from different addresses as GS recommends Couple say Amex account review

Re: Amex account review????

LS2982 — Wed, 04 Jul 2012 16:10:50 GMT

How are you seeing your softs OP?

Re: Amex account review????

pokerpro — Wed, 04 Jul 2012 16:13:20 GMT

I pulled our experian report straight from the CRA

Re: Amex account review????

Revelate — Wed, 04 Jul 2012 16:14:47 GMT

@LS2982 wrote:
How are you seeing your softs OP?

The reports directly from the bureaus (at least from annualcreditreport.com, I'd assume on the $8 versions too) show soft inquiries as well.

Re: Amex account review????

LS2982 — Wed, 04 Jul 2012 16:14:53 GMT

Ok thanks, I haven't been able to see mine through EX CMS in awhile. I'll have to try again.

Re: Amex account review????

Revelate — Wed, 04 Jul 2012 16:17:07 GMT

@flowfaster wrote:
Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic

Nah. FR's typically come about when your expeditures don't match your reported income. At that point Amex can and probably will ask to see your tax returns to see if you're on the up and up so to speak.

Poor credit on an AU (or AC in their terminology), Amex doesn't care as long as you being the primary cardholder are still paying the bills.

Re: Amex account review????

Mailak — Wed, 04 Jul 2012 16:26:32 GMT

@Revelate wrote:
@flowfaster wrote:
Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic
Nah. FR's typically come about when your expeditures don't match your reported income. At that point Amex can and probably will ask to see your tax returns to see if you're on the up and up so to speak.

Poor credit on an AU (or AC in their terminology), Amex doesn't care as long as you being the primary cardholder are still paying the bills.

So, you can overstate income and go crazy in spending?

Re: Amex account review????

Revelate — Wed, 04 Jul 2012 16:37:38 GMT

@Mailak wrote:
@Revelate wrote:
@flowfaster wrote:
Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic
Nah. FR's typically come about when your expeditures don't match your reported income. At that point Amex can and probably will ask to see your tax returns to see if you're on the up and up so to speak.

Poor credit on an AU (or AC in their terminology), Amex doesn't care as long as you being the primary cardholder are still paying the bills.

So, you can overstate income and go crazy in spending?

Only if you don't get caught!

Dunno I sort of expect to go through income verification with everyone I ask anything for, but I'm deep subprime anyway. Falsely reporting anything on an application is just too much risk for really no upside. There's easier ways to prove you're a good customer to Amex that don't involve possible fraud.

Re: Amex account review????

pokerpro — Wed, 04 Jul 2012 17:17:41 GMT

Revelate is correct Directly from experian showing the soft inquiries I thought about calling them and see if they would offer me something as the AU so that I can get my own account Hell, they are looking at the report any way

Re: Amex account review????

Jake0215 — Wed, 04 Jul 2012 17:25:04 GMT

@pokerpro wrote:
Revelate is correct Directly from experian showing the soft inquiries I thought about calling them and see if they would offer me something as the AU so that I can get my own account Hell, they are looking at the report any way

Opt in for their offers directly from their website. My SO did this and she received a preapproval for a gold a month later. She had never received anything before.

Re: Amex account review????

Mailak — Wed, 04 Jul 2012 17:35:17 GMT

@Revelate wrote:
@Mailak wrote:
@Revelate wrote:
@flowfaster wrote:
Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic
Nah. FR's typically come about when your expeditures don't match your reported income. At that point Amex can and probably will ask to see your tax returns to see if you're on the up and up so to speak.

Poor credit on an AU (or AC in their terminology), Amex doesn't care as long as you being the primary cardholder are still paying the bills.

So, you can overstate income and go crazy in spending?
Only if you don't get caught!

Dunno I sort of expect to go through income verification with everyone I ask anything for, but I'm deep subprime anyway. Falsely reporting anything on an application is just too much risk for really no upside. There's easier ways to prove you're a good customer to Amex that don't involve possible fraud.

Haha, I was just kidding. I am too scared to even include fringe money that would invariably be given to me in addition to base salary. Too messy to document although I suppose if they show up on W-2s should be fine. Still too messy to add up if it's not a regular monthly thing.

Besides, you'd have to pay for all that expenditure in the end anyway. It's not like it's free money.

Re: Amex account review????

flowfaster — Wed, 04 Jul 2012 23:28:53 GMT

@Revelate wrote:
@flowfaster wrote:
Does Amex care if an AU has horrible credit? My DGF went through a divorce that left her with an unpaid repo and 1 charge off. Her score is in the high 500s low 600s. Amex didn't bat eye at sending her a card. My credit ,while short is impeccable. Just wondering, I must be at a higher risk of FR or AA because she is an AU on my Blue Cash?

sorry if off topic
Nah. FR's typically come about when your expeditures don't match your reported income. At that point Amex can and probably will ask to see your tax returns to see if you're on the up and up so to speak.

Poor credit on an AU (or AC in their terminology), Amex doesn't care as long as you being the primary cardholder are still paying the bills.

10-4 thanks