topic Re: AMEX MSD Question in Credit Cards

AMEX MSD Question

kr3st00 — Wed, 23 Jul 2014 14:03:08 GMT

Hey guys,

This might be a stupid question and something that has been answered many times over, I just didn't have any luck searching.

So I applied for my BCP and successfully had it backdated to 2007.

I want to apply for an AMEX Platinum Charge Card. If I get approved, will AMEX send me that with the same MSD(2007)?

Will that also report as having a 2nd TL since 2007 or will that only start reporting as a new card from 2014?

Re: AMEX MSD Question

pizzadude — Wed, 23 Jul 2014 14:04:41 GMT

@kr3st00 wrote:
Hey guys,

This might be a stupid question and something that has been answered many times over, I just didn't have any luck searching.

So I applied for my BCP and successfully had it backdated to 2007.

I want to apply for an AMEX Platinum Charge Card. If I get approved, will AMEX send me that with the same MSD(2007)?

Will that also report as having a 2nd TL since 2007 or will that only start reporting as a new card from 2014?

Yes, you're correct ~ since your MSD is 2007, any new AMEX account will have a date opened of 2007 on your credit reports, even if your card says '2014'

Re: AMEX MSD Question

kr3st00 — Wed, 23 Jul 2014 14:06:27 GMT

@pizzadude wrote:
@kr3st00 wrote:
Hey guys,

This might be a stupid question and something that has been answered many times over, I just didn't have any luck searching.

So I applied for my BCP and successfully had it backdated to 2007.

I want to apply for an AMEX Platinum Charge Card. If I get approved, will AMEX send me that with the same MSD(2007)?

Will that also report as having a 2nd TL since 2007 or will that only start reporting as a new card from 2014?
Yes, you're correct ~ since your MSD is 2007, any new AMEX account will have a date opened of 2007 on your credit reports, even if your card says '2014'

Woah! Quickest reply ever!

Thank you! I think once I do my 3xCLI on the 3rd, I'll then apply for the Platinum Charge Card.

Re: AMEX MSD Question

pizzadude — Wed, 23 Jul 2014 14:09:23 GMT

Good luck !! There are a lot of offers floating around for the Platinum Charge card now, some even up to 100K MR points, so try to take advantage!

Re: AMEX MSD Question

kr3st00 — Wed, 23 Jul 2014 14:11:47 GMT

@pizzadude wrote:

Good luck !! There are a lot of offers floating around for the Platinum Charge card now, some even up to 100K MR points, so try to take advantage!

That's the offer I'm REALLY looking for. I can't find it anywhere!

Re: AMEX MSD Question

pizzadude — Wed, 23 Jul 2014 14:20:34 GMT

@kr3st00 wrote:
@pizzadude wrote:

Good luck !! There are a lot of offers floating around for the Platinum Charge card now, some even up to 100K MR points, so try to take advantage!
That's the offer I'm REALLY looking for. I can't find it anywhere!

Yeah I hear ya ~ from what I've seen it's a targeted offer, via mailings, etc.. so it may not be widely available.

Re: AMEX MSD Question

newhis — Wed, 23 Jul 2014 15:46:50 GMT

@kr3st00 wrote:
@pizzadude wrote:
Yes, you're correct ~ since your MSD is 2007, any new AMEX account will have a date opened of 2007 on your credit reports, even if your card says '2014'
Woah! Quickest reply ever!

Thank you! I think once I do my 3xCLI on the 3rd, I'll then apply for the Platinum Charge Card.

From what I read, if you apply in August 2014, your card will report as 08/07. If you get your card January 2015 it will report 01/07.

You can ask for new cards with the correct MSD if you want.

Re: AMEX MSD Question

pizzadude — Wed, 23 Jul 2014 15:48:22 GMT

@newhis wrote:
From what I read, if you apply in August 2014, your card will report as 08/07. If you get your card January 2015 it will report 01/07.

You can ask for new cards with the correct MSD if you want.

That's correct ~ the date opened on your reports is the month you opened the account combined with the year of your MSD.

Re: AMEX MSD Question

kr3st00 — Wed, 23 Jul 2014 15:54:57 GMT

@pizzadude wrote:
@newhis wrote:
From what I read, if you apply in August 2014, your card will report as 08/07. If you get your card January 2015 it will report 01/07.

You can ask for new cards with the correct MSD if you want.
That's correct ~ the date opened on your reports is the month you opened the account combined with the year of your MSD.

So if I wait until January 2015, it will actually report the oldest possible. 01/07 since my MSD is 2007. Therefor jumping over my BCP which is reporting as 05/07 and then be my oldest TL.

Re: AMEX MSD Question

heyarrnold — Wed, 23 Jul 2014 16:13:27 GMT

@kr3st00 wrote:
@pizzadude wrote:
@newhis wrote:
From what I read, if you apply in August 2014, your card will report as 08/07. If you get your card January 2015 it will report 01/07.

You can ask for new cards with the correct MSD if you want.
That's correct ~ the date opened on your reports is the month you opened the account combined with the year of your MSD.
So if I wait until January 2015, it will actually report the oldest possible. 01/07 since my MSD is 2007. Therefor jumping over my BCP which is reporting as 05/07 and then be my oldest TL.

That is correct. Always apply in Jan to get the maximum benefit from BD.

Re: AMEX MSD Question

kr3st00 — Wed, 23 Jul 2014 16:18:11 GMT

@heyarrnold wrote:
@kr3st00 wrote:
@pizzadude wrote:
@newhis wrote:
From what I read, if you apply in August 2014, your card will report as 08/07. If you get your card January 2015 it will report 01/07.

You can ask for new cards with the correct MSD if you want.
That's correct ~ the date opened on your reports is the month you opened the account combined with the year of your MSD.
So if I wait until January 2015, it will actually report the oldest possible. 01/07 since my MSD is 2007. Therefor jumping over my BCP which is reporting as 05/07 and then be my oldest TL.

That is correct. Always apply in Jan to get the maximum benefit from BD.

Perfect. Thanks for the tip!

Re: AMEX MSD Question

leegreen — Wed, 23 Jul 2014 16:34:49 GMT

So my .02 here it depends on your report but mine has 30 accounts in my AAoA calculation. If it was me I wouldn't be concerned about the month difference because when averaged out each month is only worth one day lol. So take the card if you want it.

Re: AMEX MSD Question

pizzadude — Wed, 23 Jul 2014 16:51:17 GMT

@leegreen wrote:
So my .02 here it depends on your report but mine has 30 accounts in my AAoA calculation. If it was me I wouldn't be concerned about the month difference because when averaged out each month is only worth one day lol. So take the card if you want it.

I agree ~ I'd apply when you get achieve the max benefit, which in this case would hopefully be MR points, over an incremental account age increase which likely won't alter your AAoA.