@FocusedAndDetermined wrote:After my 12/30 spur of the moment drapping for AMEX ED and the surprise approval, I pulled the card agreement to learn that they didn't give me the highest APR of 21.99%, but only 13.99%
I believe this is the next to lowest.
It doesn't really matter since I intend to PIF.
I guess they are convinced that I am a different person and will continue my responsible ways.
Wanted to see if the holiday would delay shipment/arrival of the card, so I chatted with a rep who informed me that the card was shipped via UPS today. Yay! I will be so happy when it arrives!
At some point I would like to add other AMEX accounts (no more than 2) for backdating and bonus purposes. QUESTION TO THE AMEX EXPERTS: How long should I wait to put in another app?
Nice Job, congrats on your Amex approval
@Anonymous wrote:
@FocusedAndDetermined wrote:After my 12/30 spur of the moment drapping for AMEX ED and the surprise approval, I pulled the card agreement to learn that they didn't give me the highest APR of 21.99%, but only 13.99%
I guess they are convinced that I am a different person and will continue my responsible ways.
Wanted to see if the holiday would delay shipment/arrival of the card, so I chatted with a rep who informed me that the card was shipped via UPS today. Yay! I will be so happy when it arrives!
At some point I would like to add other AMEX accounts (no more than 2) for backdating and bonus purposes. QUESTION TO THE AMEX EXPERTS: How long should I wait to put in another app?
Not bad. Congratulations again.
I got some awesome news from AMEX again. After yesterday's Auto-CLI from $12,000 to $14,200, I decided to use up my 3X on it instead of the ED (I really don't use it enough..), and got an increase to $24,000.
Thats a very nice limit Nixon, congrats
@longtimelurker wrote:
@Turbobuick wrote:
@longtimelurker wrote:
@Turbobuick wrote:
@FocusedAndDetermined wrote:
@Turbobuick wrote:Congrats! Getting more Amex cards immediately negates the advantage of backdating.
How so, if they're all backdated to 1990?
Sorry, never saw a reference to 1990. Thought by all your excitement, that you had just lost your amex virginity.
And even if the card is the first Amex, getting others now doesn't really negate backdating. THere won't be a sudden AAoA jump as when you get a new backdated, card, but the AAoA will be exactly the same, just two old cards you have had all the time, rather than one old and one new-that-appears-to-be-old
That was my point. If he wasn't already a Amex customer, another new card could just as well be BofA or Chase or Citi. The backdating benefit of another Amex card would be negated by time reference ... sans a few days/weeks/months.
Right, but if the plan is say "I want two Amex cards" getting them both now or getting one now and one ten years from now yields the same result. I guess I was (over)-reacting to "negate"
Technically you are correct, but if the goal is to boost AAoA now, waiting 10 yrs won't help. It also cushions the blow of any paid off or closed accounts that drop off as time goes by.
@jasonkm1 wrote:Does anyone know if this backdating trick will work if I had the green amex in the 90's, and want to get the Costco Amex? or does the Costco Amex version also backdate?
thanks!
I don't have personal experience but from what I've read, I believe it does backdate. Others will confirm or refute.
