cancel
Showing results for 
Search instead for 
Did you mean: 

Amex using 30 day old CB report for apps

Highlighted
Established Contributor

Amex using 30 day old CB report for apps

I have read that Amex uses approx. 30 day old reports when making credit decicions. Is this only for current members, or for someone who is not or never a member? or what about if someone was an AU, but currently isn't?

 

Thanks,

Andy

Message 1 of 4
3 REPLIES 3
Highlighted
Moderator

Re: Amex using 30 day old CB report for apps

For current members, amex uses existing SP on file (mostly).
For new apps, if you do not have amex, it will be a fresh EX HP on the day you apply.
AU status has no bearing on either case scenario.
Message 2 of 4
Highlighted
Established Contributor

Re: Amex using 30 day old CB report for apps

I apped in November. I am not a member and Amex pulled my most recently updated score, which at the time was EX 621. My EX updated the day prior to me apping.
Sept 18: EQ: 578 TU: 583 EX: 576
Sept 19: EQ8: 640 TU8: 645 EX8:640 April 20': EQ8: ??? TU8: 680 EX8: 673
Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA:


Goal: Auto Lease 2020 Jeep MOAB
Goal: Chase Sapphire Preferred
Goals Achieved Nov 19’: First Chase CC, Marriott Bonvoy w/ lowest APR rate of 17% April 20': First Citi CC W/ 15% APR rate Total CL:$21,400
Message 3 of 4
Highlighted
Super Contributor

Re: Amex using 30 day old CB report for apps

Once you have an AMEX card, AMEX SP your reports on a regular basis. It is part of their risk management algorithms. It may turn out that if you ask for a CLI, or app another card with them, the last SP could be two days ago, or up to 60 days ago. That is one of the reasons for the suggestion to wait 61 days after first card to ask for CLI, because it gives their SP check time to update latest scores.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.