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I recently PC'd from PenFed AMEX Premium Travel Rewards to Platinum Cash Back Visa. Today I received a ScoreWatch alert, which turned out to be -12 points because of a "new account" added to my EQ report. Visa account had a date opened of "9/2010". PenFed converted the account, but failed to use the same date opened on the Visa account as the AMEX (which used to be a Visa until this past spring). I called PenFed and a CSR told me it was a mistake. Should be fixed within a week.
On 23 Sep, I sent a follow-up e-mail to PenFed through their website. A CSR responded today via e-mail that she could not determine if any corrective action had been taken so far, so she sent an e-mail to the credit department to update the "date opened" information. She also said this action could take up to 60 days to be reflected on my credit reports. Amazing.....