I was excited when I got an AMEX card, I thought it would help my credit score a lot.. but its not even showing up on my report yet. The made an inqury on 03/17/2007 and I've been thru a full bill cycle with them since then. Are they just typically slow to start reporting, or are they like some companies who only report negatives?
Correct me if I'm wrong everyone, but the way AMEX works is that the full balance owed is what your next payment shows on your CR which can through your Debt to Income Ratio all off if you are going for a loan of sorts, especially a mortgage.
AmEx does report, it will just take some time for it to show on your report. If you've been through a full billing cycle, then after your first payment (which is almost another billing cycle) it should be there.
