Reply
Regular Contributor
Posts: 132
Registered: ‎11-14-2011
0

timing my AmEx app: 2012 or 2013?

is there any measurable benefit (approval chances, backdating, AAoA, etc) to applying in either late 2012 or early 2013? My naive plan is to apply in late November, so that the card will show member since 2012 instead of 2013. And maybe decisioners are less selective at the end of the month? What do I need to know here?


Starting Score: 653 (11/1/2011 TransUnion)
Current Score: 719 (5/3/2012 TransUnion) 572 (3/21/2012 Equifax) 762 (4/14/12 VantageScore)
Goal Score: 700


Take the FICO Fitness Challenge
Regular Contributor
Posts: 108
Registered: ‎01-04-2008
0

Re: timing my AmEx app: 2012 or 2013?


hateAshbury wrote:

is there any measurable benefit (approval chances, backdating, AAoA, etc) to applying in either late 2012 or early 2013? My naive plan is to apply in late November, so that the card will show member since 2012 instead of 2013. And maybe decisioners are less selective at the end of the month? What do I need to know here?


Can't say anything about approval chances based on time of month/year.

 

For AAoA -  the quicker you get it, the quicker it begins to age.  Or the quicker you screw up your current AAoA.

 

For Backdating, you want 2012 if this is your first Amex.  Any future Amex cards will report as being opened in whatever month you opened them, but have the original year of your first card with them.  So...2012 is better than 2013.  If you were to open an Amex right now, and then open a second one in Jan...the second card would report as being opened in Jan 2012.

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: timing my AmEx app: 2012 or 2013?

I think you should app in 2012

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!



Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 10,899
Registered: ‎12-30-2011
0

Re: timing my AmEx app: 2012 or 2013?

2012 absolutely. Doesn't matter much 5+ years from now 2012 vs 2013; however, if you are planning to change your credit portfolio in the next few years and Amex figures into that plan somewhere, 2012 is much, much better.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 2,266
Registered: ‎07-23-2012
0

Re: timing my AmEx app: 2012 or 2013?

if you have no amex cards right now id say 2012. if you do jan 2013. 

 

get your util as low as possible and go for it. 

Current: Discover Fico 701 3/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 5 TU 1 EX 1 | Most Recent: 03/23/2015
Over 12 Months:6


2014 Goals:
Lower Utility
15% right now, but going up soon :smileysad:
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6400
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: timing my AmEx app: 2012 or 2013?

I agree with everyone else, app this year.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
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.

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.