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Regular Contributor
Posts: 130
Registered: ‎09-10-2012
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Amex backdating question

I started credit from scratch in May 2012 with a Wells Fargo secured card.
In November 2012 I got approved for an amex charge card.
If I apply in January for a revolver card will it backdate all the way to January 2012? That's how it's supposed to be but technically in January 2012 I had still no credit. That's like I make my history 5 months longer since my first card.

Will this happen or will it backdate to the same date as my first card ?

Starting Score: EX 734 TU 749
Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


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Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
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Re: Amex backdating question

You are correct.  If you app in January, you will get open date of 1/2012.

 

Basically, AMEX reports open date as the month card is opened in and your member year.

 

Hence, January is unofficially OPEN NEW AMEX month.

 

My luck, I keep opening them up in Dec.  Platinum before I knew any better.  Centurion as it was when they invited and accepted.

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Valued Contributor
Posts: 1,345
Registered: ‎03-24-2013
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Re: Amex backdating question

[ Edited ]

wouldnt it backdate to november 2012?

CHASE FREEDOM | CHASE RITZ | AMEX BCE | | BOFA REWARDS | CITI TYP | DISCOVER IT | CHASE CSP
--------$32,000-------------$25,000---------$22,700-----------$18,000------------$11,000--------$8,750----------$5,000----

FICO - TU: 780 EX: 785 EQ: 760
Moderator
Posts: 27,154
Registered: ‎09-13-2012
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Re: Amex backdating question

[ Edited ]
Op,

Correct. The beauty of backdating

Luscher

Sorry, that's incorrect. Amex uses the year of your MSD and the current month of your new app
Regular Contributor
Posts: 130
Registered: ‎09-10-2012
0

Re: Amex backdating question

I didn't get the thing about January is unofficially open new month. What does that mean?

What you mean opening in December ?

Starting Score: EX 734 TU 749
Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


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Valued Contributor
Posts: 1,345
Registered: ‎03-24-2013
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Re: Amex backdating question

wow thats cool i didnt know that. so if i wanted a new card from them i should do it in the first month of the year so it appears even longer. hmm never knew
CHASE FREEDOM | CHASE RITZ | AMEX BCE | | BOFA REWARDS | CITI TYP | DISCOVER IT | CHASE CSP
--------$32,000-------------$25,000---------$22,700-----------$18,000------------$11,000--------$8,750----------$5,000----

FICO - TU: 780 EX: 785 EQ: 760
Moderator
Posts: 27,154
Registered: ‎09-13-2012
0

Re: Amex backdating question

For all Amex card members, they want to maximize their backdating by apping in Jan for subsequent cc's.
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
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Re: Amex backdating question


pat0812 wrote:
I didn't get the thing about January is unofficially open new month. What does that mean?

What you mean opening in December ?

Open new Amex in January for maximum backdating.  Hence people in the know open their AMEXs in January (hence the term unofficial open an AMEX month).

 

As for the December thing, that was just me bitching that I keep opening AMEXs in December even though I am now in the know.

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