How does additional cardmember affect Amex's "Risk Score?"

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
6 posts
BDBlue
Green Member
Green Member
 
Posts: 15
Joined: Mon Jun 25, 2012 11:06 pm
Location: Wilmington, DE

How does additional cardmember affect Amex's "Risk Score?"

Postby BDBlue » Sat Jul 14, 2012 12:51 pm

Here's a very technical question for all you hard-core Amex fans.

So, I had an Amex Gold some years ago. I was late with a payment, which led to them closing my account. I paid the account in full quickly, but I recently spoke with the Amex reserves department, and they have that account on record as a paid collection account. So, I'm willing to bet that old account is seriously hurting my internal "Cardmember Risk Score" with Amex, and regardless of how much I improve the rest of my credit report, none of it will change the status of my existing history with Amex.

If I get added as an Additional Cardmember on a family member's Amex, will that have any effect on my Cardmember Risk Score over time? I've been doing some searching, but I can't seem to find an answer.


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sat Jul 14, 2012 5:42 pm

What I've HEARD is multiple AUs can trigger FR (financial review). One should not be a big deal.

I had unpaid charge offs with Amex from many years ago. They recently let me back in and gave me cards, and I added an AU to my Gold card. I set the limit for the AU to 1000 (It was NPSL and I hit the check your spending ability button for 5k and it was approved so I knew that was ok).

My guess based on what I've heard as well as personal experience is it will have little effect on your internal score and isn't something you should do much worrying about. Keep the account in good standing and you're fine.

NYC_Dweller
Centurion Member
Centurion Member
 
Posts: 192
Joined: Wed May 18, 2011 1:16 pm
Location: NYC

Postby NYC_Dweller » Sat Jul 14, 2012 9:23 pm

Adding AU's will can trigger a financial review if the AU's have a higher spend than you.

Reclusive46
Centurion Member
Centurion Member
 
Posts: 222
Joined: Mon Oct 24, 2011 4:04 am
Location: UK

Postby Reclusive46 » Sat Jul 14, 2012 9:58 pm

Do American Express do financial reviews on their credit cards? I'm not sure legally in the UK atleast they can just cut you off with no notice on credit cards. Obviously section 75 on the consumer credit act in the UK does not cover charge cards. Also with the higher spend thing, does it matter if the AU has a higher spend on the odd occasion?
Amex UK Platinum Charge Card
Amex Blue Cash USA
Amex US Gold Corporate Card
World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sat Jul 14, 2012 10:27 pm

American Express can do a financial review on any of their cards (and it will affect all that you have as well as your AUs) anytime they want to, for any reason they want to. You would have two options at that time - give them the information they want, or cancel your card(s) (or let them do it).

I can't say whether occasional use would trigger it, no one knows for CERTAIN exactly what triggers FR (Amex wants it that way obviously). My guess would be no if all else is ok in their eyes but I'm not in a position to tell you anything definitive. So best to be careful.

And someone will no doubt pipe up "If you didn't lie you have nothing to fear!" you may have nothing to fear, but what I've heard is, most likely the LEAST they will do is give you a hard limit that they may eventually lift. It's a hassle and expense to you, and not something normal people would enjoy.

Reclusive46
Centurion Member
Centurion Member
 
Posts: 222
Joined: Mon Oct 24, 2011 4:04 am
Location: UK

Postby Reclusive46 » Sat Jul 14, 2012 10:31 pm

MemberSince99 wrote:American Express can do a financial review on any of their cards (and it will affect all that you have as well as your AUs) anytime they want to, for any reason they want to. You would have two options at that time - give them the information they want, or cancel your card(s) (or let them do it).

I can't say whether occasional use would trigger it, no one knows for CERTAIN exactly what triggers FR (Amex wants it that way obviously). My guess would be no if all else is ok in their eyes but I'm not in a position to tell you anything definitive. So best to be careful.

And someone will no doubt pipe up "If you didn't lie you have nothing to fear!" you may have nothing to fear, but what I've heard is, most likely the LEAST they will do is give you a hard limit that they may eventually lift. It's a hassle and expense to you, and not something normal people would enjoy.


Ah well, I've been with them for god knows how long now and haven't lied to them about anything and considering my card has a hard limit of £11200 as its a credit card. Also just checked, under UK law a credit company has to give 3 days notice before suspending the credit facility unless fraud is suspected.
Amex UK Platinum Charge Card

Amex Blue Cash USA

Amex US Gold Corporate Card

World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests