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another amex and backdating question

Frequent Contributor

another amex and backdating question

I have had the amex zync card since early 2012 and would like to apply for the green or gold card. If approved will the new card backdate to 2012 therefore not hurting my average age of accounts? They only thing that would hurt a little is the inquiry if approved. Am I correct in this?

 

also thank you to all of you so much for helping me with my credit.  I started around 580 score in late 2011 with 2 late cards of 3 months and 1 month. Managed to remove one of those thanks to this forum. My credit score is now 700 and continuing to grow. I am so thankful that I found this website!

Message 1 of 10
9 REPLIES
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Frequent Contributor

Re: another amex and backdating question

Yes. The new card will backdate to the year you got your zync, which will boost your aaoa.

The inquiry will ding your score but it will recover slightly after 6 months and completely after 12.

If denied it won't effect your score because you're already an Amex member so it will just result in a soft pull.
Amex B.C.E. - $2.5k - Amex Everyday - $5k - N.C.F.C.U.M.C. - $5k - Amex Gold - NPSL/35k P.O.T. - Discover It - $12k - Sam's Club M.C. - $10k -
Walmart M.C. - $7.5k - Citi T.Y.P. - $10k- Chase Freedom - $5k - Chase Marriott - $7.4k - U.S. Bank Cash + - $6k -
W.M. TU-781(Jan/15) Citi EQ-782(Dec/14) EX-782(Oct/14)
Audi, Vide, Tace. . .
Message 2 of 10
Frequent Contributor

Re: another amex and backdating question

thank you sir

Message 3 of 10
Mega Contributor

Re: another amex and backdating question


Lambo23 wrote:

I have had the amex zync card since early 2012 and would like to apply for the green or gold card. If approved will the new card backdate to 2012 therefore not hurting my average age of accounts? They only thing that would hurt a little is the inquiry if approved. Am I correct in this?

 

also thank you to all of you so much for helping me with my credit.  I started around 580 score in late 2011 with 2 late cards of 3 months and 1 month. Managed to remove one of those thanks to this forum. My credit score is now 700 and continuing to grow. I am so thankful that I found this website!


If your not interested in holding the Unicorn card any longer I would wait until 4/15/13 and PC it to another card, they are making PC's eligible then for Unicorn holders. Saves you a INQ.




EQ FICO 548 3/3/16
Message 4 of 10
Frequent Contributor

Re: another amex and backdating question

Also, if approved the new available credit will raise your overall available credit this lowering your utilization which will also help boost your score. . .
Amex B.C.E. - $2.5k - Amex Everyday - $5k - N.C.F.C.U.M.C. - $5k - Amex Gold - NPSL/35k P.O.T. - Discover It - $12k - Sam's Club M.C. - $10k -
Walmart M.C. - $7.5k - Citi T.Y.P. - $10k- Chase Freedom - $5k - Chase Marriott - $7.4k - U.S. Bank Cash + - $6k -
W.M. TU-781(Jan/15) Citi EQ-782(Dec/14) EX-782(Oct/14)
Audi, Vide, Tace. . .
Message 5 of 10
Mega Contributor

Re: another amex and backdating question


7PM789 wrote:
Also, if approved the new available credit will raise your overall available credit this lowering your utilization which will also help boost your score. . .

The OP is looking for another charge card and that would not help with utilization as charge cards are not factored into your overall util.




EQ FICO 548 3/3/16
Message 6 of 10
Frequent Contributor

Re: another amex and backdating question

My mistake.
Amex B.C.E. - $2.5k - Amex Everyday - $5k - N.C.F.C.U.M.C. - $5k - Amex Gold - NPSL/35k P.O.T. - Discover It - $12k - Sam's Club M.C. - $10k -
Walmart M.C. - $7.5k - Citi T.Y.P. - $10k- Chase Freedom - $5k - Chase Marriott - $7.4k - U.S. Bank Cash + - $6k -
W.M. TU-781(Jan/15) Citi EQ-782(Dec/14) EX-782(Oct/14)
Audi, Vide, Tace. . .
Message 7 of 10
Frequent Contributor

Re: another amex and backdating question

I'll be able to PC my Zync card with the hard limit? I am trying to get the green or gold rewards card. Thanks
Message 8 of 10
Frequent Contributor

Re: another amex and backdating question

Also. I log in an tries applying for gold but it tells me to call after I log in. It won't let me apply as a member. Weird. Also the online shopping mall is gone.
Message 9 of 10
Established Contributor

Re: another amex and backdating question

With regards to OP's question about not hurting AAoA, it obviously depends.  If the OP's AAoA currently 1 year, than it won't hurt.  But, it AAoA is anything greater 2, 5, 10 or whatever, having another account bakcdated to 2012 will not help it, it will hurt it.


My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Message 10 of 10