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Valued Contributor
indiolatino61
Posts: 1,439
Registered: ‎11-10-2012

13-Month PC Time Stipulation Question

Hello all,

The card act stipulates waiting 13 months before you can PC to a higher fee card. As I understand it, there is conflicting answers on whether this applies to charge cards. I have had an AmEx Gold for 8 months. I plan to upgrade to the Platinum because of higher travel needs in 2014, and I also understand that if I wait until the Gold's AF posts, I will have to pay the Platinum's AF as well. My question is if the backdating of my card (1988), does this negate and/or satisfy the 13 month waiting period? Thank you all for your help.

 photo Logo-CreditCardCollection_zps46f2f9f7.jpgWmart (TU): 809, Disc it (TU): 809, CKarma (TU): 772, AmEx (EX): 755, CSesame (EX): 727, Quizz (EQ): 783, myFICO (EQ): 770.
Oldest: AmEx: 26Y-5M, AAoA: 7Y-6M, Utl: 2.73%, 12/24 Inq: 6/16, Income: $104k, Garden: 06/16/2014. Updated 07/23/2014.
Moderator
09Lexie
Posts: 24,417
Registered: ‎09-13-2012

Re: 13-Month PC Time Stipulation Question

The backdating of your card does not satisfy the waiting period. The lender will have your actual account opening date. As far as upgrades, you can double check but most have reported it as a no go.
Mega Contributor
Creditaddict
Posts: 18,820
Registered: ‎10-23-2007

Re: 13-Month PC Time Stipulation Question

If you did pay the AF with Gold and then upgraded they would pro-rate the AF back on Gold Card... Amex is fantastic about stuff like that.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
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Valued Contributor
indiolatino61
Posts: 1,439
Registered: ‎11-10-2012

Re: 13-Month PC Time Stipulation Question


09Lexie wrote:
The backdating of your card does not satisfy the waiting period. The lender will have your actual account opening date. As far as upgrades, you can double check but most have reported it as a no go.

Thanks Lexie for your prompt reply. I suppose the only way is to close the Gold and re-apply for the Platinum. I don't think I want to do that though...:smileysad:.

 photo Logo-CreditCardCollection_zps46f2f9f7.jpgWmart (TU): 809, Disc it (TU): 809, CKarma (TU): 772, AmEx (EX): 755, CSesame (EX): 727, Quizz (EQ): 783, myFICO (EQ): 770.
Oldest: AmEx: 26Y-5M, AAoA: 7Y-6M, Utl: 2.73%, 12/24 Inq: 6/16, Income: $104k, Garden: 06/16/2014. Updated 07/23/2014.
Valued Contributor
indiolatino61
Posts: 1,439
Registered: ‎11-10-2012

Re: 13-Month PC Time Stipulation Question


Creditaddict wrote:

If you did pay the AF with Gold and then upgraded they would pro-rate the AF back on Gold Card... Amex is fantastic about stuff like that.


Hey CA,

Well, that would be great! I will call and see what they say. Thanks again.

 photo Logo-CreditCardCollection_zps46f2f9f7.jpgWmart (TU): 809, Disc it (TU): 809, CKarma (TU): 772, AmEx (EX): 755, CSesame (EX): 727, Quizz (EQ): 783, myFICO (EQ): 770.
Oldest: AmEx: 26Y-5M, AAoA: 7Y-6M, Utl: 2.73%, 12/24 Inq: 6/16, Income: $104k, Garden: 06/16/2014. Updated 07/23/2014.
New Contributor
essexjet
Posts: 70
Registered: ‎05-27-2013

Re: 13-Month PC Time Stipulation Question

I just called AmEx last week about this and it is a 13 month wait...no expections unless you want to apply. 

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