Amex Backdating.

[creditconcept]

Never found a solid answer on this. Why is American Express the ONLY bank allowed to backdate? What's the law on that? Why can't chase do it with their cardmember since dates?

[gdale6]

---

@creditconcept wrote:
Never found a solid answer on this. Why is American Express the ONLY bank allowed to backdate? What's the law on that? Why can't chase do it with their cardmember since dates?

---

There is no law that regulates this, it is at the discretion of the card issuer and AMEX is the only one that chooses to allow an account to report from the original MSD, I even go as far to suggest that it is a marketing ploy...

[myjourney]

I've read this somewhere before Amex at some point came up with the idea of backdating.

After the law changed as far as reporting IIRC 

Amex was grandfathered in thus no one else can backdate.

[Themanwhocan]

---

@myjourney wrote:

I've read this somewhere before Amex at some point came up with the idea of backdating.

After the law changed as far as reporting IIRC 

Amex was grandfathered in thus no one else can backdate.

---

But any credit card company can program their computers to notice that whereas you have several american express cards all from many years ago, most only have X months of history reporting. So its fairly trivial for the computers to notice the truth.

[myjourney]

---

@Themanwhocan wrote:

---

@myjourney wrote:

I've read this somewhere before Amex at some point came up with the idea of backdating.

After the law changed as far as reporting IIRC 

Amex was grandfathered in thus no one else can backdate.

---

But any credit card company can program their computers to notice that whereas you have several american express cards all from many years ago, most only have X months of history reporting. So its fairly trivial for the computers to notice the truth.

---

I'll see if I can find the article but basically even tho were in the age of technology and yes anyone could do it with computers 

According the the law that was passed and Amex grandfathered in .....No one else can by law do backdating 

I look after dinner 

[Revelate]

---

@myjourney wrote:

---

@Themanwhocan wrote:

---

@myjourney wrote:

I've read this somewhere before Amex at some point came up with the idea of backdating.

After the law changed as far as reporting IIRC 

Amex was grandfathered in thus no one else can backdate.

---

But any credit card company can program their computers to notice that whereas you have several american express cards all from many years ago, most only have X months of history reporting. So its fairly trivial for the computers to notice the truth.

---

I'll see if I can find the article but basically even tho were in the age of technology and yes anyone could do it with computers 

According the the law that was passed and Amex grandfathered in .....No one else can by law do backdating 

I look after dinner 

---

I'd be interested in seeing that too; Amex has traditionally played a little fast and loose with reporting data (SP CLI's is another one of those changes from the traditional mold), I'm surprised they simply didn't whack it.  

Doesn't mean I don't take advantage of it though .