Re: Costco Amex Backdating
10-04-2012 02:13 PM
It reports the new account as if it would have been opened that long. So your AAOA will not drop with a new account but could even increase
Exactly. And if it's backdated to a really old account, it is very valuable. My Amex is backdated to 1987, so last year I picked up 24 years worth of history and it anchored my age of oldest account all the way back to that year. It was a help, rather than a ding, to the age of accounts factor of my credit scores.
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