topic Re: Chase 5/24: backdated Amex as chase strategy in Credit Cards

Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 00:57:14 GMT

Hi folks.

I'm looking for advice on my chase strategy. My plan was to app for CSP in March/April once my 24m were up since my last CSP bonus but in December/Jan i did a mini spree to pick up Ritz/Prestige /Citi Premier.

I also have a chase card opened in mid. July 2014

I also have an Amex I opened in January 2015 but that account was backdated by Amex to January 2002.

Not including Amex I'm at 4 cards. Has there been solid evidence that backdated Amex cards are ignored?

Has it been too soon since my last chase app? (January) I've put close to $10k spend on it so it wasn't just for the bonus but to retain ritz gold status.

I have six Hp on EX:
3 in Dec 2015
1x Jan 2015 (Amex approval)
1x Oct 2014 (chase ink denied)
1x July 2014 (chase approved )

No HP on TU or EQ. But i keep those frozen anyway since citi and chase just want EX.

I'm tempted to app for the United 70k expiring offer today but scared of any united Deval. I'd hope that they would give us a chance to use miles so I can book summer 2017 travel (I've got enough for this year )

I'm also tempted to app for CSP as I've seen talk of a 50k+50k offer that some folks got matched to via SM. Had it not been for these extra offers now I'd likely wait it out until then Fall to app for CSP.

Thanks for any feedback!

Re: Chase 5/24: backdated Amex as chase strategy

Anonymous — Fri, 01 Jul 2016 02:15:47 GMT

Forget about the backdated stategy. The Amex won't show on your report as opened in 2002. So you are better of waiting unfortunately.

Re: Chase 5/24: backdated Amex as chase strategy

kdm31091 — Fri, 01 Jul 2016 02:24:01 GMT

@PointLager wrote:
Hi folks.

I'm looking for advice on my chase strategy. My plan was to app for CSP in March/April once my 24m were up since my last CSP bonus but in December/Jan i did a mini spree to pick up Ritz/Prestige /Citi Premier.

I also have a chase card opened in mid. July 2014

I also have an Amex I opened in January 2015 but that account was backdated by Amex to January 2002.

Not including Amex I'm at 4 cards. Has there been solid evidence that backdated Amex cards are ignored?

Has it been too soon since my last chase app? (January) I've put close to $10k spend on it so it wasn't just for the bonus but to retain ritz gold status.

I have six Hp on EX:
3 in Dec 2015
1x Jan 2015 (Amex approval)
1x Oct 2014 (chase ink denied)
1x July 2014 (chase approved )

No HP on TU or EQ. But i keep those frozen anyway since citi and chase just want EX.

I'm tempted to app for the United 70k expiring offer today but scared of any united Deval. I'd hope that they would give us a chance to use miles so I can book summer 2017 travel (I've got enough for this year )

I'm also tempted to app for CSP as I've seen talk of a 50k+50k offer that some folks got matched to via SM. Had it not been for these extra offers now I'd likely wait it out until then Fall to app for CSP.

Thanks for any feedback!

On your credit report, does the Amex show 2002 as the opening date? Or does the physical card just say 2002? What the card and/or your online account says is cosmetic and basically meaningless. It's what the credit report says that matters. If the account is actually backdated, that would put you at 4/24 and clear to go for the CSP. But I'd double check my credit report first, as "real" backdating ended around the time you got the 2015 Amex.

Amex does still "backdate" on the card and your online profile but again these are just cosmetic things. Your credit reports will reflect when the card was actually opened at this point. The question is whether your card was before the policy change.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:30:09 GMT

In all my CRs the Amex has always shown up as opened in 2002.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:31:55 GMT

@kdm. It's a true opened in 2002 date. Not just member since date. Just like my Amex cards opened in 2013/14. All backdated to 2002 and all contributing well to my Aaoa

Re: Chase 5/24: backdated Amex as chase strategy

UncleB — Fri, 01 Jul 2016 02:33:42 GMT

If the Amex was opened in January 2015 he likely just barely squeezed in. They stopped 'backdating' in March, specifically toward the end of March (I don't recall the exact date).

In any case, there's a chance here...

Re: Chase 5/24: backdated Amex as chase strategy

Anonymous — Fri, 01 Jul 2016 02:35:28 GMT

@PointLager wrote:
In all my CRs the Amex has always shown up as opened in 2002.

So it could be that you got yours in before Amex stopped backdating? But bear in mind, for a more senior analyst, they are able to know when an account was open even though it states card was opened in 2002. This is because the history of the card will only show from 2015 not 2002.

Something for you to keep in mind should you have to recon the card in case it goes to pending.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:39:46 GMT

Thanks guys. If true backdated is ignored by chanse that's a relief.

Should I worry about my January Ritz card?

I know I'm also veering off topic by asking for card app strategy. Getting 70k is huge but I'm worried about deval. I use these for European travel which I do frequently. (2-3x/y at least). This batch would be for early Spring 17 or summer.

Or go for CSP online and see if I can get matched to the 50+50 offer or maybe try in branch. The clock is ticking for the 70k

I got a $15k TL with ritz in January but reduced the limit to $1500 after putting close to $10k spend. The rest of the limit went to another chase card.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:41:59 GMT

@yes
I'm sure that it will go to recon given my chase opening and lowering of TL. I've put healthy spend on all my chase cards. $10k on ritz and $15k on my United club. So I prob don't seem like a churner to them (I hope)

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:42:24 GMT

The spend above is 2016 YTD

Re: Chase 5/24: backdated Amex as chase strategy

Anonymous — Fri, 01 Jul 2016 02:49:30 GMT

@PointLager wrote:
@Anonymous
I'm sure that it will go to recon given my chase opening and lowering of TL. I've put healthy spend on all my chase cards. $10k on ritz and $15k on my United club. So I prob don't seem like a churner to them (I hope)

That is my worry -see blue. Let me ask you this, how many Chase cards have you opened and closed since you said you have had the CSP before. I asked because Chase pays attention to these things and if it is not the 24 month and you try to circumvent, you might get into trouble even if you do it in the branch.

I know you spent those amounts on both cards, but that ight not be high enough.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 02:52:33 GMT

I've only opened three chase cards before:
CSP in 2013 -- converted to fredom in 2014 after the AF
BA card in 2013 -- closed in 2014 after AF hit
United club opened in 2014. Still use it regularly. $50K+ spend in first year of card membership. $150 retention credit last year. I may not get one this year as I've spread my spend around new cards.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 03:16:48 GMT

Pulled the trigger on 70k + $50 statement credit offer. Got 7-10 days message on the web.

When I call the automated line it says they will advise in two weeks.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 03:52:10 GMT

Whoa.

If I have the United club card can I still get the bonus for the United Exlorer? I've never had the explorer and it's technically a different product.

I just read this fine print from the off the rack MP Exlorer offer:

Replying to this offer: If you omit any information on the form, we may deny your request for an account. Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer, may not be eligible for a second Chase credit card in the same Rewards Program. Chase cardmembers currently receiving promotional pricing, or Chase cardmembers with a history of only using their current or prior Chase card for promotional pricing offers, are not eligible for a second Chase credit card with promotional pricing.

Re: Chase 5/24: backdated Amex as chase strategy

Anonymous — Fri, 01 Jul 2016 04:02:09 GMT

Something tells me you are treading dangerously here, but stranger things have happened. You might be an anomaly. Here is hoping for the best and update the thread with results once you hear back.

Re: Chase 5/24: backdated Amex as chase strategy

RonM21 — Fri, 01 Jul 2016 10:34:37 GMT

Best of luck that the outcome is good! Will be looking for the update.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 13:07:00 GMT

I called the automated line and I've been approved.

I froze all by EX and the HP cost me -7 fico

I don't need the CSP yet given the high United signup bonus but I do have quite a bit freedom points so I'll eventually want the CSP.

Guys based on my numbers and dates above when do you think it would be wise to app for CSP? I'm in no rush now also because I'm using freedom for dining this quarter.

Once August kicks in my United club will drop off the 24m radar so I'll be at:

United explorer 7/2016
Ritz Dec 2015
prestige Dec 2015
premier 2015

Thanks

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 13:07:23 GMT

Froze all but ex. Typo above.

Re: Chase 5/24: backdated Amex as chase strategy

PointLager — Fri, 01 Jul 2016 14:20:35 GMT

Called chase to double check that the offer is tagged to the account and it is.