Credit Cards

[bribro]

In regards to the "Member Since" designation on an AmEx card, does it make any difference applying for a card in say January 2012 vs. December 2012? In other words, is it only the year that matters, or will backdating go to the exact day/month?

The reason I ask is because I just opened a CSP and Freedom account last month and wanted to have my CR cool off for 6 months before applying for an AmEx BCE. But I'm wondering if I should feel a sense of urgency to apply sooner.

[pizzadude]

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bribro wrote:

In regards to the "Member Since" designation on an AmEx card, does it make any difference applying for a card in say January 2012 vs. December 2012? In other words, is it only the year that matters, or will backdating go to the exact day/month?

The reason I ask is because I just opened a CSP and Freedom account last month and wanted to have my CR cool off for 6 months before applying for an AmEx BCE. But I'm wondering if I should feel a sense of urgency to apply sooner.

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It's really only the year that matters ~ if you open an AMEX card anytime this year, then 2012, along with the current month, will be used as the date opened for any subsequent AMEX cards that you open.

[afbar1114]

lets say you get approved for an AMEX card 12/2012 and get another card in 1/2013 and you back date it. it will be back dated to 1/2012 adding a whole year to your credit reports. i may be wrong but have read this a bunch of times

[pizzadude]

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afbar1114 wrote:

lets say you get approved for an AMEX card 12/2012 and get another card in 1/2013 and you back date it. it will be back dated to 1/2012 adding a whole year to your credit reports. i may be wrong but have read this a bunch of times

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Appbar is correct, this is why many people like to apply for a new AMEX early in the new year, jan. feb...

[bribro]

Okay, so I can take my time and app for AmEx in October right? No reason for me to rush?

[afbar1114]

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bribro wrote:

Okay, so I can take my time and app for AmEx in October right? No reason for me to rush?

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what i would do would be get a zync now. it will give you some time to get in with amex. take care of the charge card and app for a credit card in jan of 2013. that way you can get a good limit and and with back dating youll get another year added. AMEX is very stingy with thier credit cards

[steve23111]

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bribro wrote:

Okay, so I can take my time and app for AmEx in October right? No reason for me to rush?

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If it's your first card, sure, why not.  If you already have a card, though, or have had one in the past, I would try to keep new card apps early in the year for maximum backdating.