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Regular Contributor
hateAshbury
Posts: 131
Registered: ‎11-14-2011

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


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Regular Contributor
shadow2k
Posts: 108
Registered: ‎01-04-2008

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
webhopper
Posts: 7,230
Registered: ‎09-16-2011

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!



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Moderator
Revelate
Posts: 8,147
Registered: ‎12-30-2011

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 04 679, EQ 8 703, TU 708, EX 702* (05/30/14, EX older)
Goal Score: 700 in all three (01/01/15)


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Valued Contributor
creditnocash
Posts: 2,172
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: timing my AmEx app: 2012 or 2013?

I agree with everyone else, app this year.




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EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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