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New AMX BCP reported

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Anonymous
Not applicable

Re: New AMX BCP reported

Thats the only thing I could think of.  It seems like you have no negatives.  When your util was ideal, what was your highest score?

Message 11 of 23
669
Regular Contributor

Re: New AMX BCP reported

Crashem

 

My scores in my siggy were my best with approx. 16% util.

 

The only thing i see in my report that looks diffrent is it says too many cards with balances, that was when the BCP showed up on the report.

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)
Message 12 of 23
Anonymous
Not applicable

Re: New AMX BCP reported

If you had more balances reporting or higher balances reporting than before, that would explain score drop. If you give balances reporting before and your score, the. Give us balances after and score. I can tell you if that explains drop.
Message 13 of 23
RyVision
Valued Contributor

Re: New AMX BCP reported

669;

 

You are in what I'm going to call "the bounce" Smiley LOL  And you actually spotted it.  It happened to me too.   It's when you have a backdating AMEX reporting, not as new, but hasn't been calculated by the scoring system for AAoA yet. 

 

Freaked me out when for a couple days or so my score did just EXACTLY the opposite of what I expected it to do after adding a TON of AAoA with back dating.  After scoring systems corrected, my score shot back up along with my AAoA changing (for the longer).  I don't know why it happens but it often if not usually does and most people don't spot it or the move doesn't trigger a SW alert and they don't check.

 

Maybe it happens because it's something unique to AMEX and none of the scoring systems are  "instant auto" to deal with it, would be my guess.


AKA 840flippedto480
Message 14 of 23
669
Regular Contributor

Re: New AMX BCP reported

Crashem

 

I did have balances reporting before the new AMX, but the balances were a lot less than 2 months ago...like $3000.00 less.

 

It seems that the "new" AMX is what caused the drop.

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)
Message 15 of 23
669
Regular Contributor

Re: New AMX BCP reported

Ryvision

 

That makes a lot of sense..On the new report my AAoA did not move.

 

How long did it take for the CB to correct?

 

I was a little aggravated last nigh since I had in the back of my mind that adding the AMX with 23 years backdating and the additional $5100.00 CL could only give me a boost.

 

This was on the report, I should have figured it out:

 

Changes to your credit report 

Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
  • There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
  • You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.

 

I will continue to monitor and post what happens.

 

Thanks Ryvision, I feel better

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)
Message 16 of 23
RyVision
Valued Contributor

Re: New AMX BCP reported


@669 wrote:

Ryvision

 

That makes a lot of sense..On the new report my AAoA did not move.

 

How long did it take for the CB to correct?

 

I was a little aggravated last nigh since I had in the back of my mind that adding the AMX with 23 years backdating and the additional $5100.00 CL could only give me a boost.

 

This was on the report, I should have figured it out:

 

Changes to your credit report 

Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
  • There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
  • You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.

 

I will continue to monitor and post what happens.

 

Thanks Ryvision, I feel better


It was last year but I seem to recall it as being just a few days to maybe a week (that would be at the very outside).  At first my scores (all) dropped, 10's of points, each CB doing so as the new AMEX hit. Of course I thought  "oh K-RAP what went wrong!?" and I couldn't find anything other than the new AMEX being the cause (same as you) then later, BANG AAoA went up (none did the same reporting day that I remember) and BOOM 40 to 60 points added to each CR!  Fakos included.  It was the sigh of relief heard around, well.... the room Smiley LOL 

 

I'm guessing it may do the same thing again when the new AMEX Blue hits, but at least this time I'm somewhat prepared for it Smiley LOL

 

Oh btw, welcome to, or welcome BACK to the 1989 AMEX Family Smiley Very Happy


AKA 840flippedto480
Message 17 of 23
669
Regular Contributor

Re: New AMX BCP reported

Ryvision wrote:

 

It was last year but I seem to recall it as being just a few days to maybe a week (that would be at the very outside).  At first my scores (all) dropped, 10's of points, each CB doing so as the new AMEX hit. Of course I thought  "oh K-RAP what went wrong!?" and I couldn't find anything other than the new AMEX being the cause (same as you) then later, BANG AAoA went up (none did the same reporting day that I remember) and BOOM 40 to 60 points added to each CR!  Fakos included.  It was the sigh of relief heard around, well.... the room :smileylol: 

 

I'm guessing it may do the same thing again when the new AMEX Blue hits, but at least this time I'm somewhat prepared for it :smileylol:

 

Oh btw, welcome to, or welcome BACK to the 1989 AMEX Family :smileyvery-happy:

 

 

Man I feel better!!!!!!!

 

Al I want is my 22 pts back but if I get more then GREAT.

 

I love AMX, still have my original Gold card from 1989 thoght its been upgraded to PR.

 

Thanks again and I will keep the forum updated on what happens to my issue here.

 

 

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)
Message 18 of 23
RyVision
Valued Contributor

Re: New AMX BCP reported

Something odd I have to add.  Since I started looking at my CRs years ago, I noticed my old AMEX Green from 1989 would "blink" on and off of reports.  When the Zync hit, it was "on" then I think "blinked" to off for good after a few months.  So when a new AMEX reports with any others, open or closed, reporting, I think it affects the calculations for ALL AMEX's on the CR, at least during "the bounce" phase.

 

So 669, if you had other AMEX's reporting, esp if open, I think the new AMEX causes the others to follow it in "the bounce"  (ok, call it the AMEX Bounce), meaning their age is pulled from score calculations even though showing and AAoA staying the same.  AMEX is a unique product, even to scoring systems when it comes to the AAoA algorithm IMHO.

 

[EDIT]: I would surmise that would cause a temporary but serious back and forth "bucket dumping" in scoring, as it would appear (to a computer) the AAoA, new accounts (that aren't to be listed as new) and history, were all changing around at the same time (in ways they're not meant to be able to do).


AKA 840flippedto480
Message 19 of 23
669
Regular Contributor

Re: New AMX BCP reported

Ryvision

 

One other thing I might want mention is when I was approved for the BCP the same day I cancelled a AMX Optima (Not the Oasis variety) but even with that the Optima account will still report and between the Optima with a $2500.00 limit and the BCP with a $5100.00 limit I still added $2600.00 to my avail. credit

 

Just thought I would throw that out.

 

Also if a "new" backdated AMX shows up on CB why would there not be a SW alert?  It may say 1989 but it was not on the report last month.....

 

 

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)
Message 20 of 23
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