@Anonymous wrote:So been working on my wife's credit recently. Basically she has only a few accounts open and pretty much just uses her Wells Fargo credit card only. Got a multi-year identify theft issue finally resolved (dang LVNV is a pain) so she basically has no negatives. Went with an app spree for her to get her some more cards to thicken her file including some backdated AMEXs and others. WIth starwood card, she got best terms from AMEX. For the BCP card she apped for the same day, we just got the not so dreaded not best terms from AMEX letter today.
Basically said terms offered to you may be less favorable than the terms offered to consumers who have better credit histories. But can't find the terms anywhere in the letter. Anyone know where it is listed or does she just need to wait for card to arrived? I forget. Here is the kicker:
AMEX Experian FICO score 802 out of 850. WTH, what do you need to get best terms? BTW, her score is annoying me as it is actually better than mine. Basically moved her from high 600s to low 700s to 802. After all my hard work, her response was thats nice but can we stop talking about credit stuff (AARRGGHH).
Just to show you that there are almost always listed reasons even with a 802 FICO.
-Length of time accounts have been established
-Too few accounts currently paid as agreed
-Length of time revolving accoutns have been established
-Proportion of loan balances to loan amounts is too high
-Too many inquiries in last 12 months
Wow a lot of reasons for a 800+ FICO. Sad part for me is once all this settles down and her AMEXs hit her CR, she is likely to move even higher (don't expect your wife to appreciate any of this).
I think you're asking where you can find the terms (interest % etc) for the card you just got the letter for?
That (the interest and terms etc) won't be on that letter. They'll be in the paperwork sent with the actual card (included on the "Cardmember Agreement", Part 1 of 2 in that section). At least that's how my AMEX Blue just came. I was looking for the terms with the letter that came before the card, which included my FICO EX but no terms. Days later the card came and my question was answered.
Crash;
You of all people know lenders take more into account when approving an account than just a FICO score. That's also true with the terms for any account, the look past the score at everything (EVERYTHING) else. Esp AMEX.
And whenever your wife says "can we stop talking about _____"... Don't you know that's her way of letting you bring up what's on most mens minds 90% of the time when it comes to being alone in the room with said wife? For future reference, when your wife says "Can we stop talking about credit stuff" (or whatever the subject). Just look her in the eye with "that smile" and see if she gives "that smile" back...... Sheesh, kids these days need a manual. If she DOESN'T give the same smile back, then you say "sure, what would you like to talk about?" (with a smile of course and mean it). And you will have a VERY happy marriage and you're relationship score with skyrocket. Never expect your wife to respond with male logic in topic. What she kind of said by wanting to talk about something else was "ok, I trust you and know you've got it covered"..... THEN when she's out with friends or family and the subject comes up, she brags how HER husband did all this work on her credit and not only got her all these cards (listing them) and how HE raised her score (with much more detail than you'd EVER guess she even listened to when you told her).
And I bet every woman on here would agree with what I just said. (even though they think it's a secret LOL).
