Reply
Regular Contributor
Posts: 132
Registered: ‎09-10-2012
0

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


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

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.

               LIMITS IN CARD DESCRIPTIONS
Valued Contributor
Posts: 1,472
Registered: ‎03-24-2013
0

Re: Amex backdating question

[ Edited ]

wouldnt it backdate to november 2012?

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$10,000---------$9,750----------$5,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 761
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

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: 132
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


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,472
Registered: ‎03-24-2013
0

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 | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$10,000---------$9,750----------$5,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 761
Moderator
Posts: 27,207
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
0

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.

               LIMITS IN CARD DESCRIPTIONS
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.