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Posts: 2
Registered: ‎11-20-2012
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Disadvantages and advantages of AMEX backdating and CK drop

First, for some reason when I went to login I had to create a new user ID. I used to be Cageym, not sure what the issue is. Now, I had Amex backdated to 93 and my Zync card showed up finally, the Delta hasn't yet. So my AoAA took a huge jump, so did all the reported scores. New scores are shown so I'm much closer to that 800 club than I was yesterday. Disadvantage of the backdating was they have sent me new cards and since I'm overseas it takes a few weeks for the cards to get here. I have to wait to ask for my 61 day 3x CLI until I get the new card because the security number is different. I think I can wait long enough just based on what one backdated card did to my scores. CK showed a drop on my scores because it shows as a new account. Who cares, the reports that matter show all good.:smileylol:

What's in my wallet: Cap1 MC $750 NFCU CashRewards Visa $6k Amex Zync NPSL Amex Delta Gold $2k

Starting Score: 3/2011 550-ish
Current Score: 11/20/2012 TU 792 11/20/2012 EQ 780 11/20/2012 EX 769(USAA)
Goal Score: 800


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Established Contributor
Posts: 515
Registered: ‎07-31-2012
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Re: Disadvantages and advantages of AMEX backdating and CK drop

LOL! Now I seem to be able to login as me!!


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
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Posts: 7,225
Registered: ‎09-16-2011
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Re: Disadvantages and advantages of AMEX backdating and CK drop


Cageym wrote:

LOL! Now I seem to be able to login as me!!


haha!  you are a shapeshifter!

 

Welcome back!


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Established Contributor
Posts: 515
Registered: ‎07-31-2012
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Re: Disadvantages and advantages of AMEX backdating and CK drop


webhopper wrote:

Cageym wrote:

LOL! Now I seem to be able to login as me!!


haha!  you are a shapeshifter!

 

Welcome back!


:robotlol: We are the Borg..oh wait you said shapeshifter.:smileylol:


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
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Re: Disadvantages and advantages of AMEX backdating and CK drop

I believe with AMEX the advantages of backdating FAR exceed the disadvantages.

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Posts: 1,228
Registered: ‎05-10-2012
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Re: Disadvantages and advantages of AMEX backdating and CK drop

I doubt your actual FICO scores went down.  CK just estimates your score, and not very well either.  Their AAoA is off, only calculating open accounts, and while I don't think this is what affected you, they probably take off some arbitrary number of points for a "new account" despite the fact that these accounts probably show up to FICO as 20 year old accounts.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
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WalMart CC $3100
BOA Platinum $600
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Valued Contributor
Posts: 1,346
Registered: ‎04-15-2011
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Re: Disadvantages and advantages of AMEX backdating and CK drop


cageym1964 wrote:

First, for some reason when I went to login I had to create a new user ID. I used to be Cageym, not sure what the issue is. Now, I had Amex backdated to 93 and my Zync card showed up finally, the Delta hasn't yet. So my AoAA took a huge jump, so did all the reported scores. New scores are shown so I'm much closer to that 800 club than I was yesterday. Disadvantage of the backdating was they have sent me new cards and since I'm overseas it takes a few weeks for the cards to get here. I have to wait to ask for my 61 day 3x CLI until I get the new card because the security number is different. I think I can wait long enough just based on what one backdated card did to my scores. CK showed a drop on my scores because it shows as a new account. Who cares, the reports that matter show all good.:smileylol:


 

I think you're in the "AMEX BD Limbo phase" or whatever it was I called it months ago for another member with a similar issue.   It will shake itself out after a while, some people don't even see this happen on their reports because they don't usually check at the right time (your other reports may have gone through the same thing but you didn't see it).   Your CK account will take a jump probably in a few days, it varies.   I went through it too, seems the date change messes with the systems a bit LOL

I wish I knew  where my old post about it was but too much to dig through :smileylol:

Established Contributor
Posts: 515
Registered: ‎07-31-2012
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Re: Disadvantages and advantages of AMEX backdating and CK drop

LIke I said, I don't care about CK.I use it only to see movement. As soon as I saw it I went to USAA and downloaded a report. So I'm pretty happy right now. And I agree, the advantages FAR out weigh the disadvantages as far as backdating goes. I've been waiting for at least one of them to start reporrting the new date so I could see the result, and to me it was impressive.


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Senior Contributor
Posts: 3,065
Registered: ‎11-02-2009
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Re: Disadvantages and advantages of AMEX backdating and CK drop

I know that no one is worried too much about what happens to your CK score, but I believe when my backdated Amex accounts reported, it lowered my % of ontime payments because it has no data for the backdated months.  That may be why your score is dropping, because it measures % on-time rather than just looking for 30 day lates.  Of course, it could have been something else, but I can't figure out any other reason that I saw a drastic drop in % on-time payments right around the same time those accounts reported.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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