@Anonymous wrote:If you get on as AU right now, you will show open date of June 2012. When you open the new card, it will have 2012 open date and whatever month you opened the new card at. You don't gain the payment history of the AU account on the new account. But you inherit the member date of your original AMEX (ie. 2012). Your dad should gain back his member date of 1995 but I would recommend he locate any old cards he has just in case they can't find his old accounts.
+1. With Amex's policy change, you won't get the '95 backdate, rather you'll get a 2012 one.
Honestly it eems like a lot of extra effort when you are close to being approved outright. I frankly don't believe all the the hype regarding Amex denials because of FPB (I mean come on, from your post you had the card closed 9 years ago... that's another lifetime in the current financial market), but it's not going to hurt your chances in going this route, and if you don't want to spend the inquiry this year anyway, it's a fine plan.
@Anonymous wrote:FPB accounts have defnitely been listed as reason for denial. However I look at denials and denial reasons as similar to the talk when breaking up. Sure reasons are cited, but are those the only reasons? The basic problem is that they don't like what you see and just giving some reasons why so they can get out of there as cleanly as possible. As such I read accounts from FPB as being a negative on AMEX's internal scoring but not necessarily the big negative.
Yeah, but my point is basically what you said: there's no way that Amex is going to throw out an otherwise good customer because they have a FPB tradeline. There's always some other reason as well; however, in a marginal approval case, it might make a difference. The OP is in the marginal category currently, but in six months I don't think that's going to be necessarily the case. The more I see of Amex's approvals on this forum, come December even *I* might not even be a marginal approval... and most people's history is better than mine when looking at it objectively.
To the OP: I probably wasn't clear in my other post: going the AU route now and then applying in 2013 won't hurt your chances at getting into Amex (and it would probably improve them), the FPB comment should've ended at the parentheses close. I still think it's a lot of work for what's probably a good shot come December anyway, but it does get you the same 2012 backdate as your own application approval, and does give your profile additional time to improve. Realistically a year and a half from now you may not need to bother with a Zync at all unless you happen to really want that card specifically.
@Revelate wrote:
@Anonymous wrote:If you get on as AU right now, you will show open date of June 2012. When you open the new card, it will have 2012 open date and whatever month you opened the new card at. You don't gain the payment history of the AU account on the new account. But you inherit the member date of your original AMEX (ie. 2012). Your dad should gain back his member date of 1995 but I would recommend he locate any old cards he has just in case they can't find his old accounts.
+1. With Amex's policy change, you won't get the '95 backdate, rather you'll get a 2012 one.
Honestly it eems like a lot of extra effort when you are close to being approved outright. I frankly don't believe all the the hype regarding Amex denials because of FPB (I mean come on, from your post you had the card closed 9 years ago... that's another lifetime in the current financial market), but it's not going to hurt your chances in going this route, and if you don't want to spend the inquiry this year anyway, it's a fine plan.
I was approved with a closed FPB account. It can happen.
