topic Re: Amex Account Review? in Credit Cards

Amex Account Review?

Anonymous — Fri, 22 Mar 2013 15:56:10 GMT

Ok...so I am freaking out a bit but maybe this is normal?? Yesterday I app'd for the Citi Diamond Preferred card and was approved. They evidently pulled EQ and EX. I just looked at my EX and it shows a sp from American Express Account Review. I just got the two amex cards back in January and so far only one is reporting but I have not gotten any sp's from Amex like other people here have. Will it say American Express Account Review just for the normal Amex sp's or am I going to be in trouble with Amex for opening the new Citi card???

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 15:57:05 GMT

Also, when I googled "Amex account review", I saw where someone posted in another forum that Amex is contacted with each hp on your credit....is that true??

Re: Amex Account Review?

youngandcreditwrthy — Fri, 22 Mar 2013 15:58:51 GMT

I think it is true, but I wouldnt be worried...

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:01:19 GMT

Ur fine shouldnt be a problem

Re: Amex Account Review?

jsickz32 — Fri, 22 Mar 2013 16:01:36 GMT

This like your 6th thread about something like this lol
Stop worrying woman!

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:01:44 GMT

Nothing to worry about, Amex soft pulls EX at regular intervals for the life of an account.

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:03:11 GMT

@youngandcreditwrthy wrote:
I think it is true, but I wouldnt be worried...

Have you opened other accounts since Amex? This is the first one I have opened since and will not be opening anymore. I just checked my Amex accounts and everything looks fine....I have treated them very well since I got them. PIF each month before the statement cut and I'm not getting anywhere near my cl.

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:04:09 GMT

@jsickz32 wrote:
This like your 6th thread about something like this lol
Stop worrying woman!

*lol* You know how us women can be!!

Re: Amex Account Review?

jsickz32 — Fri, 22 Mar 2013 16:04:53 GMT

My bce was my second card i got when i did my 14 account spree. So yeah...

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:05:51 GMT

@Anonymous wrote:
Nothing to worry about, Amex soft pulls EX at regular intervals for the life of an account.

+1 Amex pulls AR (soft pull) very regularly. For that matter so does citi, chase, capone, etc. At least for me.

Re: Amex Account Review?

navigatethis12 — Fri, 22 Mar 2013 16:08:41 GMT

American Express and Chase were doing the same thing to me last year. As soon as a hard on Experian was recored, a soft would be done by them. After about the fourth or fifth one, they stopped checking. Other lenders may do the same thing with newly approved accounts. It's probably to make sure you aren't maxed out on every card and applying for more credit.

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:10:37 GMT

I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble!

Re: Amex Account Review?

webhopper — Fri, 22 Mar 2013 16:11:58 GMT

Quit worrying you will be fine
congrats on the new card

Re: Amex Account Review?

navigatethis12 — Fri, 22 Mar 2013 16:12:45 GMT

@Anonymous wrote:
I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble!

Well they couldn't have been doing an account review before you had an account. Living in fear of a lender is no way to be. You should apply for a card if you want and not be terrified that American Express will close the account. As long as you aren't accumulating more and more debt, you have nothing to be concerned about.

Re: Amex Account Review?

thom02099 — Fri, 22 Mar 2013 16:21:49 GMT

@Anonymous wrote:
Also, when I googled "Amex account review", I saw where someone posted in another forum that Amex is contacted with each hp on your credit....is that true??

Not sure how this could possibly be true, since there would be a number of issues involved.

First would be privacy issues, seems like consumers would have to be aware that this is standard practise. Seems like something within FCRA would prevent this.

Second, logistically it would be a staggering feat for them to pull this off -- AMEX is big, but they ain't THAT big! Think of the gazillions of inquiries that are made yearly on all credit cards issued by every possible bank. AMEX could not possibly keep track of, and more importantly, analyse the results.

Third, it would be reasonable to assume that, as competitors, another card issuer is not going to give AMEX that info. And as a privacy issue, it's highly doubtful that the CRAs would give up that info to AMEX either. Doubtful also that Fair Isaac would give it up to just one issuer and not everyone.

Sounds to me like an urban legend!

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 16:17:51 GMT

@navigatethis12 wrote:
@Anonymous wrote:
I guess what freaked me out was that when Amex sp'd me before I got cards with them, it just said Amex. Now all of a sudden on the same day I app'd for another card, it said Account Review. I love my Amex's but am terrified of them because of all the stuff I read here. I have nothing to hide, I just don't want any trouble!
Well they couldn't have been doing an account review before you had an account. Living in fear of a lender is no way to be. You should apply for a card if you want and not be terrified that American Express will close the account. As long as you aren't accumulating more and more debt, you have nothing to be concerned about.

It was them soft pulling me to send preapprovals. Both times they sp'd me, I would get an offer in the mail shortly after. I do worry about Amex because of the stuff I read here but I also am so happy about all the progress I have made over the past year that I sometimes feel like the rug is going to get pulled out from under me. I guess it's something time will heal. *lol* Plus, today is one of those days that everything that can go wrong, has so I am already unhinged....so the words "Account Review" sure didn't help.

My ulility is only 8% so I'm not charging anything out of the norm to spook any lenders

Re: Amex Account Review?

calihlove75 — Fri, 22 Mar 2013 17:56:18 GMT

Its completely normal for Amex to soften new accounts. I am pretty sure they have a subscription to be notified of changes anyway. Even if they did a FR, just show them what they want. Piece of cake.

If you are that concerned about AA with current creditors and opening new accounts, just stop applying for a while.

Re: Amex Account Review?

Anonymous — Fri, 22 Mar 2013 18:54:19 GMT

I won't be opening anymore cards....there is no more than I want. The mastercard yesterday was my cherry on top....I finally feel complete

Re: Amex Account Review?

Burned2manybridgesB4 — Fri, 22 Mar 2013 21:08:52 GMT

Too much of a coincidence, OP. I had an AR from amex, the next day, following my latest app to sterling. They know when you get pulled!

Re: Amex Account Review?

toppers555 — Fri, 22 Mar 2013 21:26:43 GMT

@thom02099 wrote:
@Anonymous wrote:
Also, when I googled "Amex account review", I saw where someone posted in another forum that Amex is contacted with each hp on your credit....is that true??
Not sure how this could possibly be true, since there would be a number of issues involved.

First would be privacy issues, seems like consumers would have to be aware that this is standard practise. Seems like something within FCRA would prevent this.

Second, logistically it would be a staggering feat for them to pull this off -- AMEX is big, but they ain't THAT big! Think of the gazillions of inquiries that are made yearly on all credit cards issued by every possible bank. AMEX could not possibly keep track of, and more importantly, analyse the results.

Third, it would be reasonable to assume that, as competitors, another card issuer is not going to give AMEX that info. And as a privacy issue, it's highly doubtful that the CRAs would give up that info to AMEX either. Doubtful also that Fair Isaac would give it up to just one issuer and not everyone.

Sounds to me like an urban legend!

Not that hard tbh Advanced Resolution Services is an example.