topic Re: New Amex Reported after 1st statement in Credit Cards

New Amex Reported after 1st statement

Rhaeny — Tue, 25 Mar 2014 21:01:43 GMT

So I've been reading that Amex takes an extraordinary long time to report. I also read a post that someone let their statement cut with a balance versus PIF before statement close. Overwhelmingly those that did the PIF their CC's took 2 months or more to report.

Well I did what the one poster did by letting my statement cut with a balance. I opened my 1st Amex on 2/27, statement cut 3/23 and reported to CR on 3/25. So this just a data point I thought I would put out if they want their CC to report quickly.

Re: New Amex Reported after 1st statement

Anonymous — Tue, 25 Mar 2014 21:22:13 GMT

im about to hit my 2nd statement and no sign of them reporting yet

Re: New Amex Reported after 1st statement

SunriseEarth — Tue, 25 Mar 2014 21:38:59 GMT

@Rhaeny wrote:
So I've been reading that Amex takes an extraordinary long time to report. I also read a post that someone let their statement cut with a balance versus PIF before statement close. Overwhelmingly those that did the PIF their CC's took 2 months or more to report.

Well I did what the one poster did by letting my statement cut with a balance. I opened my 1st Amex on 2/27, statement cut 3/23 and reported to CR on 3/25. So this just a data point I thought I would put out if they want their CC to report quickly.

Good info. I plan on paying mine down to <10% UTIL right before the first statement date on the 2nd. I definitely want my backdate on the reports!

Re: New Amex Reported after 1st statement

Rhaeny — Wed, 26 Mar 2014 01:31:42 GMT

@SunriseEarth wrote:
@Rhaeny wrote:
So I've been reading that Amex takes an extraordinary long time to report. I also read a post that someone let their statement cut with a balance versus PIF before statement close. Overwhelmingly those that did the PIF their CC's took 2 months or more to report.

Well I did what the one poster did by letting my statement cut with a balance. I opened my 1st Amex on 2/27, statement cut 3/23 and reported to CR on 3/25. So this just a data point I thought I would put out if they want their CC to report quickly.
Good info. I plan on paying mine down to <10% UTIL right before the first statement date on the 2nd. I definitely want my backdate on the reports!

Yes the backdate is why I wanted it to report fast as well! LOL!

Re: New Amex Reported after 1st statement

Rhaeny — Wed, 26 Mar 2014 01:33:35 GMT

@Anonymous wrote:
im about to hit my 2nd statement and no sign of them reporting yet

So did you PIF before the 1st statement or did your statement cut with a balance? Knowing this would help us know whether or not this is a valid work around to getting an account to post faster to our CR's.

Re: New Amex Reported after 1st statement

09Lexie — Wed, 26 Mar 2014 01:38:39 GMT

It is hit or miss with their reporting. I though it might be card type but in my case, BCP opened in Dec reported in Jan. DH's BCP opened in Oct reported in Jan.

Re: New Amex Reported after 1st statement

akabigo — Wed, 26 Mar 2014 05:34:26 GMT

My 2nd statement cuts today and still no reporting. I have let a balance report both times so who knows what their pattern is if they have one. On another note, I did get backdated to 1991. That was my main reason for getting back with them and so far so good. I just wish they would report already! Hopefully they will send it over this week sometime.

Re: New Amex Reported after 1st statement

yudeology101 — Wed, 26 Mar 2014 05:36:36 GMT

@09Lexie wrote:
It is hit or miss with their reporting. I though it might be card type but in my case, BCP opened in Dec reported in Jan. DH's BCP opened in Oct reported in Jan.

I think so, too. My cards were approved in early November but both cards (Green/Delta) didn't report until beginning of Feb.

Re: New Amex Reported after 1st statement

Shock — Wed, 26 Mar 2014 07:03:55 GMT

I let my first statement cut with a balance and nothing yet. My second statement just came in so well see. I'm waiting on CK to tell me. I'm not pulling my FICO's for a while.

Re: New Amex Reported after 1st statement

Shock — Wed, 26 Mar 2014 07:06:28 GMT

This also raises another question, will they approve a 61 day 3x CLI before it even reports?

And also, for my BCE, I had multiple reasons my score was being affected and I am almost positive I never would have gotten approved had it not been for internal score. How will this affect my 3x odds?

Re: New Amex Reported after 1st statement

09Lexie — Wed, 26 Mar 2014 07:18:58 GMT

@Shock wrote:
This also raises another question, will they approve a 61 day 3x CLI before it even reports?

And also, for my BCE, I had multiple reasons my score was being affected and I am almost positive I never would have gotten approved had it not been for internal score. How will this affect my 3x odds?

Yes, the reporting will not interfere with your ability to request a CLI. Amex will use your internal score first,then the information supplied from your last sp as it relates to your overall credit profile. Ie new TLs, inqs and util

Re: New Amex Reported after 1st statement

Genkeim — Wed, 26 Mar 2014 12:44:40 GMT

@Rhaeny wrote:
So I've been reading that Amex takes an extraordinary long time to report. I also read a post that someone let their statement cut with a balance versus PIF before statement close. Overwhelmingly those that did the PIF their CC's took 2 months or more to report.

Well I did what the one poster did by letting my statement cut with a balance. I opened my 1st Amex on 2/27, statement cut 3/23 and reported to CR on 3/25. So this just a data point I thought I would put out if they want their CC to report quickly.

Same for me. Opened BCE on 2/28, statement cut on 3/21 and reported on the 24th. I left a $38 balance on it.

I was anxious for this to reported. I got it backdated to 1990 so was a big boost to my AAoA. I also was able to get my last baddie goodwilled so I have a clean report now! After the Amex reported my AAoA jumped from 1yr to 3 years 6 months, and my EX score jumped 70 points! My first 700+ score is a 757. Can't wait for EQ and TU to catch up, baddie is still showing on TU, amex hasn't reported on EQ.