The last post in this topic was posted 2870 days ago.
We strongly encourage you to start a new post instead of replying to this one.
I have been thinking about this since learning about Amex backdating and how it helps AAofA.
I have really two thoughts. One is I'm surprised that AMEX isn't pressured not to backdate new accounts since the rules say if you report (you don't have to report), you have to report accurately. I'm glad they do it, but they are kind of fudging there.
But what I really don't get is why some of their competitors don't do the same thing. That would be a huge benefit to members and would draw lots of new business and wouldn't cost a dime.
I am just surprised that AMEX seems to have a lock on this perk and is able to gain a competitive advantage over their peers.
AMEX Platinum Charge Card 100k MR points after $3k spend in 3 months
AMEX Premier Rewards Gold 50k MR points after $1k spend in 3 months
Apply through Cardmatch tool without initial hard pull to pre-qualify - must be opted in - may be targeted
More about the deal: http://thepointsguy.com/2015/01/amex-platinum-100000-point-offer-back-targeted/
Happy New Year's to all my fellow CBers:
Hope everyone had a safe and happy holiday season. I had a quick question, I have read threads on D* and in everything I got a little confused. With regards to an AU card, IF the AU had their OWN AMEX in say 1993 would they be able to use that as a D* date if added on as an AU? I know that it is said AU D* is dead, however, I kinda got turned around in my readings, I think that it is dead with regards to the MAIN CC Acct Holder having D* and the AU trying to get the SAME D* that really wasn't theirs. I am assuming that if the AU had a potential D* of 1993, that AMEX would honor it regardless of the date on the new acct, am I completely off here?
Also, if AMEX did allow it, what might the impact be on the AU's AAOA. would it truly effect it? Or since it's only an AU card does it factor differently?
As always, thanks for all your help and guidance, I have some success stories to share as soon as I get caught up with school.
This is an academic question for me since I burned AMEX in my BK 7. That said, are people gaming carefully managing their AAOA by periodically opening and closing AMEX cards? Since you get D* for each AMEX card (open or closed), wouldn't it make sense to have as many of these reporting as possible -- open or closed? Obviously you don't want to pay a bunch of fees, but couldn't you churn the no AF products?
Maybe this has been addressed before but I have been thinking about it. If people open and close various CC accounts regularly to churn bonus miles, why not churn Amices to heavily impact your AAofA?
Other than D* and "prestige" what advantages are there to an AMEX Charge card, when compared to top-tier Visas or MasterCards, that justify AMEX's Annual Fees?