topic Re: Barclay & Amex Backdating in Credit Cards

Barclay & Amex Backdating

Ammer — Thu, 12 Dec 2013 14:32:09 GMT

Hi,

i just got approved for the Barcaly Arrival with a $5000 limit.

I called the backdoor number and asked for $10000 to be more in line with my other cards. They asked some job related questions, etc.

They asked about a $5000 balance on my BCP (15000 limit) that still was shown on TU. I said it's paid in full and they took my word for it.

Now the interesting part : They asked why I started my credit history only 2 years ago in 2011 although I'm over 40. I told GC holder, foreign professional etc.

My oldest credit card is a 02/2010 global transfer Amex and not my Wells Fargo from 2011. I asked why they say that I started my credit history in 2011 and they answered they don't count backdated Amex cards as history. And they would see that immediatly upon manual review.

So the Amex backdating is obviously only good for the FICO scores and real analysts pick up on that immediatly.

Nevertheless I got $7500 instead of $5000 with no extra hard pull.

Re: Barclay & Amex Backdating

09Lexie — Thu, 12 Dec 2013 19:42:32 GMT

@Ammer wrote:
Hi,
i just got approved for the Barcaly Arrival with a $5000 limit.
I called the backdoor number and asked for $10000 to be more in line with my other cards. They asked some job related questions, etc.
They asked about a $5000 balance on my BCP (15000 limit) that still was shown on TU. I said it's paid in full and they took my word for it.
Now the interesting part : They asked why I started my credit history only 2 years ago in 2011 although I'm over 40. I told GC holder, foreign professional etc.
My oldest credit card is a 02/2010 global transfer Amex and not my Wells Fargo from 2011. I asked why they say that I started my credit history in 2011 and they answered they don't count backdated Amex cards as history. And they would see that immediatly upon manual review.

So the Amex backdating is obviously only good for the FICO scores and real analysts pick up on that immediatly.

Nevertheless I got $7500 instead of $5000 with no extra hard pull.

Upon manual review an UW can see the pyt history and if familiar with Amex wil be able to determine your history has been backdated.

Re: Barclay & Amex Backdating

Anonymous — Thu, 12 Dec 2013 19:45:19 GMT

After two years or so, isn't it hard to tell, as you will have the max history of payments

Re: Barclay & Amex Backdating

09Lexie — Thu, 12 Dec 2013 19:49:42 GMT

@Anonymous wrote:
After two years or so, isn't it hard to tell, as you will have the max history of payments

True

Re: Barclay & Amex Backdating

Duncanrr — Thu, 12 Dec 2013 19:51:21 GMT

Also that is only when you have a manual review. If the approval was automatic then they are none the wiser.

Re: Barclay & Amex Backdating

Anonymous — Thu, 12 Dec 2013 20:17:41 GMT

@09Lexie wrote:
@Ammer wrote:
Hi,
i just got approved for the Barcaly Arrival with a $5000 limit.
I called the backdoor number and asked for $10000 to be more in line with my other cards. They asked some job related questions, etc.
They asked about a $5000 balance on my BCP (15000 limit) that still was shown on TU. I said it's paid in full and they took my word for it.
Now the interesting part : They asked why I started my credit history only 2 years ago in 2011 although I'm over 40. I told GC holder, foreign professional etc.
My oldest credit card is a 02/2010 global transfer Amex and not my Wells Fargo from 2011. I asked why they say that I started my credit history in 2011 and they answered they don't count backdated Amex cards as history. And they would see that immediatly upon manual review.

So the Amex backdating is obviously only good for the FICO scores and real analysts pick up on that immediatly.

Nevertheless I got $7500 instead of $5000 with no extra hard pull.
Upon manual review an UW can see the pyt history and if familiar with Amex wil be able to determine your history has been backdated.

They could also see that inquiries and new accounts don't exactly match up.

Re: Barclay & Amex Backdating

Platinum — Thu, 12 Dec 2013 23:20:11 GMT

They could also see on Experian: "Reported Since"

Re: Barclay & Amex Backdating

mxp114 — Thu, 12 Dec 2013 23:49:14 GMT

@Platinum wrote:
They could also see on Experian: "Reported Since"

Reported since is available on TU but not accessible to consumers. I know because I had Barclays ask me about an account with a different open and report date on my TU.

Re: Barclay & Amex Backdating

Platinum — Fri, 13 Dec 2013 00:12:47 GMT

@mxp114 wrote:
@Platinum wrote:
They could also see on Experian: "Reported Since"
Reported since is available on TU but not accessible to consumers. I know because I had Barclays ask me about an account with a different open and report date on my TU.

Thanks mxp114. Good to know.

Re: Barclay & Amex Backdating

FinStar — Fri, 13 Dec 2013 04:53:03 GMT

@mxp114 wrote:
@Platinum wrote:
They could also see on Experian: "Reported Since"
Reported since is available on TU but not accessible to consumers. I know because I had Barclays ask me about an account with a different open and report date on my TU.

Re: Barclay & Amex Backdating

Duncanrr — Fri, 13 Dec 2013 15:15:46 GMT

That would explain why some of my FAKO score reports say my AAoA is 6+ years instead of 10+ years. I bet they are filtering out my backdated AMEX cards.

Re: Barclay & Amex Backdating

09Lexie — Fri, 13 Dec 2013 20:12:48 GMT

@Duncanrr wrote:
That would explain why some of my FAKO score reports say my AAoA is 6+ years instead of 10+ years. I bet they are filtering out my backdated AMEX cards.

Do you have closed TLs? CK does not factor closed TLs

Re: Barclay & Amex Backdating

Duncanrr — Fri, 13 Dec 2013 20:20:28 GMT

Some closed loans

Re: Barclay & Amex Backdating

Anonymous — Fri, 13 Dec 2013 20:21:22 GMT

@09Lexie wrote:
@Duncanrr wrote:
That would explain why some of my FAKO score reports say my AAoA is 6+ years instead of 10+ years. I bet they are filtering out my backdated AMEX cards.
Do you have closed TLs? CK does not factor closed TLs

I have closed tradelines. CK lists my AAOA as just under 2 years, whereas my EQ report shows 5.5 years.

Re: Barclay & Amex Backdating

09Lexie — Fri, 13 Dec 2013 20:22:08 GMT

@Duncanrr wrote:
Some closed loans

That's probably the reason. My mtgs are closed and CK acts as if they don't exist.