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Keep in mind that even when they do pull a new score for you, there's a delay before it actually displays on your account. I get 2-3 updates a month from them (which I thought was the norm until I arrived here, assuming it's because I have so many cards?) and my most recent one showing is October 4th and that just came up within the past 5 or 6 days. If your EX score changed drastically from last month to this month, it may be worth waiting but if enough time has passed between the usual score date for you, then it's probably safe to say they have the newest score. Also the CLIs seem to have much more to do with internal scores than FICO scores, but those with better FICO scores do seem to fare better.
Edit: While I was writing that novel, I saw you posted your score. 651 is going to be tough for a CLI with Amex. ![]()
@chaos51 wrote:
I was denied with a 691 and approved with a 703, if I remember correctly. They also cited score as the reason I wasn’t approved at 61.
When I went for it at 61, the denial reason was due to score but the score they listed on the letter was lower than my actual score and that is why I want to wait until I am sure they have my current score. I'm not where I want to be score wise but I am making strides.
@K-in-Boston wrote:Keep in mind that even when they do pull a new score for you, there's a delay before it actually displays on your account. I get 2-3 updates a month from them (which I thought was the norm until I arrived here, assuming it's because I have so many cards?) and my most recent one showing is October 4th and that just came up within the past 5 or 6 days. If your EX score changed drastically from last month to this month, it may be worth waiting but if enough time has passed between the usual score date for you, then it's probably safe to say they have the newest score. Also the CLIs seem to have much more to do with internal scores than FICO scores, but those with better FICO scores do seem to fare better.
Edit: While I was writing that novel, I saw you posted your score. 651 is going to be tough for a CLI with Amex.
I figured that and was truly banking on a higher internal score. I have been very responsible with the card. Granted I don't put much on it but you can't do much with a 1K CL but I pay in full every month. I favor my QS due to the cash back which I am attempting to save.
For me the FICO score has always been updated two days after the statement cut, I also noticed that if you have more than one account with AMEX, they tend to pull your FICO scores at least twice in one month. They do so for me. When I was approved for my 91 days CLI, it was based on my score from the previous month, eventhough the last pulled FICO was already 5 points higher. Then this past Sept. I applied and got approved for my third Amex, the Blue Delta, they also pulled my FICO from the previous month, although they already updated my FICO to be 734, they approved me with a good SL, from when my scores where 10 points lower. So I guess their internal risk score weighs in more than what the usual FICO score shows them.
Unless you think your scores are going to improve drastically (like 700s) in the next 3 months, I would just go for it now. If you get it, you get it. If not, that gives you 3 months to work on the score.
@Anonymous wrote:For me the FICO score has always been updated two days after the statement cut, I also noticed that if you have more than one account with AMEX, they tend to pull your FICO scores at least twice in one month. They do so for me. When I was approved for my 91 days CLI, it was based on my score from the previous month, eventhough the last pulled FICO was already 5 points higher. Then this past Sept. I applied and got approved for my third Amex, the Blue Delta, they also pulled my FICO from the previous month, although they already updated my FICO to be 734, they approved the limit increase from when my scores where 10 points lower. So I guess their internal risk score weighs in more than what the usual FICO score shows them.
I hate the inconsistency and I would prefer lenders use your current score instead of relying on old information but I guess if I had a point drop for some reason, I would not complain. I'm really hoping that I have a good internal score with them and that will get me the increase. I'm going to wait until Saturday to request. Hoping for patience.
@K-in-Boston wrote:Unless you think your scores are going to improve drastically (like 700s) in the next 3 months, I would just go for it now. If you get it, you get it. If not, that gives you 3 months to work on the score.
That's sound advice. I'll wait until Saturday and try my luck.
@601flyguy wrote:
A1 i dont think it'll matter much if you wait. They are liable not to use the updated score anyway. I usually gets my fico on the 9th but usually doesn't appear until a few days later. It still hasnt updated for Oct so you're not alone.
Nice to know that I am not alone in this. I wonder what the issue is and it seems to be happening with MyFico too. I got an alert about a change to my EX score 3 days before I received the alert from MyFico and that has not been the first time lately. Their updates seem to come less frequently, late or I will get the same alert about the same change twice. I keep wondering if the breach is affecting things in the credit world as far as reporting goes.