topic Re: Does AMEX use the EXP08 model ? in Credit Cards

Does AMEX use the EXP08 model ?

alvon123 — Tue, 03 Jun 2014 19:29:47 GMT

Does American Express use the new EXP 08 model for credit card applications or their own internal scoring method?

Re: Does AMEX use the EXP08 model ?

JaeJae12 — Tue, 03 Jun 2014 19:33:30 GMT

I think it depends on the individual. I had them sent me internal scores and actual fico's as well.

Re: Does AMEX use the EXP08 model ?

myjourney — Tue, 03 Jun 2014 19:40:17 GMT

@alvon123 wrote:
Does American Express use the new EXP 08 model for credit card applications or their own internal scoring method?

They pull scores from EX but not sure which model...then they factor their own internal algorithm to the mix to come up with approved or denied

Re: Does AMEX use the EXP08 model ?

mongstradamus — Tue, 03 Jun 2014 19:40:48 GMT

i thought they used internal scoring system based off of ex 08 but i could be wrong

Re: Does AMEX use the EXP08 model ?

alvon123 — Tue, 03 Jun 2014 19:43:57 GMT

@myjourney wrote:
@alvon123 wrote:
Does American Express use the new EXP 08 model for credit card applications or their own internal scoring method?
They pull scores from EX but not sure which model...then they factor their own internal algorithm to the mix to come up with approved or denied

Thanks

Re: Does AMEX use the EXP08 model ?

myjourney — Tue, 03 Jun 2014 19:46:30 GMT

@alvon123 wrote:
@myjourney wrote:
@alvon123 wrote:
Does American Express use the new EXP 08 model for credit card applications or their own internal scoring method?
They pull scores from EX but not sure which model...then they factor their own internal algorithm to the mix to come up with approved or denied
Thanks

Welcome

Re: Does AMEX use the EXP08 model ?

Involver — Tue, 03 Jun 2014 19:48:50 GMT

They use information from your Experian report in addition to any internal information they have to determine credit approval, however they will provide you with an EX08 FICO in an AA letter.

Re: Does AMEX use the EXP08 model ?

-NewGuy- — Tue, 03 Jun 2014 21:07:07 GMT

@Involver wrote:
They use information from your Experian report in addition to any internal information they have to determine credit approval, however they will provide you with an EX08 FICO in an AA letter.

They sent me my EX 08 FICO in my Surpass approval letter. I had purchased it from here about 20 minutes earlier.