AMEX Crushed it in 2017

[RicHowe]

Here is an interesting article about how AMEX rebounded this past year to overcome some heavy obstacles to come out ahead.

https://www.fool.com/investing/2017/12/22/heres-how-american-express-company-crushed-it-in-2.aspx

[Artemis092]

Interesting. Thanks for posting.

[Anonymous]

Since I (a 19 year old) was approved for my $4K Amex (this was TWICE the limit of my previous highest card) as my 3rd CC, I have been wondering if they at all slackened UW for their cards for millenials applying...seems unlikely, given they don't want irresponsible "kids" with cards going BK, but if they're truly targetting millenials, they might play slightly different tactics to grab a student's attention.

[Anonymous]

It'll bite them in the end. All lenders tighten up at some point. One could say COF (Cap1) has a great outlook too, but I believe they have too many high CL's in the subprime that will charge off to consider them a good investment.

[Revelate]

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@Anonymous wrote:

Since I (a 19 year old) was approved for my $4K Amex (this was TWICE the limit of my previous highest card) as my 3rd CC, I have been wondering if they at all slackened UW for their cards for millenials applying...seems unlikely, given they don't want irresponsible "kids" with cards going BK, but if they're truly targetting millenials, they might play slightly different tactics to grab a student's attention.

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Lot of things go into a decisioning process. 

Purely hypothetical:

First or last name possibly Tyler, age, tradelines, and even EX FICO 8 in signature: if I were Amex I could figure out who you are; also, if scraping the site, or taking information from Reddit or others, knows exactly what that Alliant loan is which suggests you actually care about getting a good score, which leads to the unescapable and likely entirely correct conclusion you aren't going to default for some stupid reason, and they will see good reasons coming from a long way off.

Not a risky bet, not at all, if just using the information found on the Internet and putting a few simple pieces together.

That's just a thought exercise, probably not done, but could be... and it's just not a long walk to do if they cared to try.

Betcha some lender does it in the future, which means it may have already happened.  

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

Since I (a 19 year old) was approved for my $4K Amex (this was TWICE the limit of my previous highest card) as my 3rd CC, I have been wondering if they at all slackened UW for their cards for millenials applying...seems unlikely, given they don't want irresponsible "kids" with cards going BK, but if they're truly targetting millenials, they might play slightly different tactics to grab a student's attention.

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Lot of things go into a decisioning process. 

Purely hypothetical:

First or last name possibly Tyler, age, tradelines, and even EX FICO 8 in signature: if I were Amex I could figure out who you are; also, if scraping the site, or taking information from Reddit or others, knows exactly what that Alliant loan is which suggests you actually care about getting a good score, which leads to the unescapable and likely entirely correct conclusion you aren't going to default for some stupid reason, and they will see good reasons coming from a long way off.

Not a risky bet, not at all, if just using the information found on the Internet and putting a few simple pieces together.

That's just a thought exercise, probably not done, but could be... and it's just not a long walk to do if they cared to try.

Betcha some lender does it in the future, which means it may have already happened.  

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Scary sometimes I know. But there is far too much information about you that the CBs know that you didn’t know yourself.