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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?
I've been following CB for a few months now and have made some major cleanups to all my reports thanks to the awesome advice here. Now I have just two baddies in each report, which I'd like to tackle somehow. One is a series of ten 30-day-lates in 2012 and 2013 on my American Honda Finance auto loan, and I've read many people say goodwill letters won't work with them, but here's the situation I feel sure I can clean up somehow, with your advice:
I left an apartment in late 2009 to move to another complex from the same owners and ended up owing them $1443 for carpet replacement and leaving the lease early. In 2010, they turned it over to a local collection agency here in Vegas called Sentry Recovery & Collections, whom I've heard are real a-holes. They've tacked on fees bringing my total up to $1627 but have not tried to contact me for quite a while (March 2014 was the last time they updated my credit reports). I'm not completely convinced I should wake a sleeping dragon, but I'd love to see this collection disappear.
A — Try to PFD with the CA for less than I owe?
B — Try to pay the apartment complex either in full or a lesser amount *if* they'll clear up my record in whatever tenant tracking system they use AND ask the CA to delete the collection from my reports?
C — Something else?
Thanks for your help!