It creates a brand new TL and opening date, so no thanks for me. I wish it just upgraded the account and retained the opening date. I wouldn't mind another TL/acct/bill if they maintained the same opening date. I remember the headache when I purchased furniture and they opened a brand new major purchase acct. It's too bad because I wouldn't mind the AmEx but not worth HP + AAoA ding for a mediocre card.