@shane82388 wrote:
@09Lexie wrote:
Good luck!
By the way..., did you go through card match? And, any reason you didn't wait until Jan?It owuldnt really matter by waiting until january since i already have a Green AMEX from 2011? wouldnt that be my oldest member date and this new card would be backdated to then?
Also, i dont really understand the reasoning for waiting until january...? I figured it out before, but have forgot lol. Seems counter intuitive to wait longer to get more history....
It will report to the CRAs with the month the account was opened and the year of your very first account with them. So...
By opening now, it will report as 09/2011
By waiting until January of next year, it would be 01/2011
You would have received several months worth of extra credit history, just like that.... voila!
Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
@shane82388 wrote:
@09Lexie wrote:
Good luck!
By the way..., did you go through card match? And, any reason you didn't wait until Jan?It owuldnt really matter by waiting until january since i already have a Green AMEX from 2011? wouldnt that be my oldest member date and this new card would be backdated to then?
Also, i dont really understand the reasoning for waiting until january...? I figured it out before, but have forgot lol. Seems counter intuitive to wait longer to get more history....
The reasoning behind it is that say your first Amex card was approved in September of 2011 (9/2011), if you apply and get approved in January of 2014, your new card would backdate to January of 2011 (1/2011) (Current Month/Member Since Year) which would actually increase your Average Age of accounts thus typically increasing your score.
It makes sense if you want to maximize your score, but with such a new card your only going to gain a few months. Older the "member since", the bigger the benefit 
Starting Score: 770
UGH....well this is what just popped up...
What should I do now? Does AMEX recon at all or just wait until next month?
Also, as usual i cant access the "Full Decision details". It never works when i click the link!
@shane82388 wrote:UGH....well this is what just popped up...
What should I do now? Does AMEX recon at all or just wait until next month?
Also, as usual i cant access the "Full Decision details". It never works when i click the link!
You should call them and ask them why and yes, they do recon. Depending on what they tell you you might be able to reverse this decision. It all depends on why you were declined.
