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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.
So my Amex reported upon refresh of USAA today.
I have read that letting a balance report may, or may not, aid in the first reporting cycle.
Here are my results:
Two cards, approved same day, 30 days ago.
PRG no balance/did not report first cycle. ED had a balance/reported first cycle, 30 days after acct opening, 3 days after statement close.
If we can get more data on this we can establish how much the balance reporting method has on reporting the new accounts.
Whether or not it is more common with revolvers opposed to charge cards. There must be a method to the madness that is Amex.
Please share your recent results or add to this thread when your new accounts report, with the basic information.
Trying to keep it short ...
I have been away for a while. Came back this week to say hi in GD. Started reading around in CF and saw this thread:
The Master Blacklist Black List Thread – Work In Progress, Help Needed
Now, I haven't applied for an Amex since 2007. Back then, the CO was no longer on my reports. Only denied because of internal blacklist. Not sure when it actually CO'd.
So, I thought WTH. I'll try. Applied for the Everyday card because it looked kind of cool.
FACO on TU is 721. The rest are unknown.
I do have quite a few other cards at this point with about $50k total in CLs ranging from $500 (Target) up to $25k (USAA).
I was approved for $2k. Eh. Not great. But, I am back in. Don't know if that is good or bad yet.
Then I start reading about D*. Hmmm. Better check that out. Click the chat button and ask if I can get my Member Since date set back to my original. Sure Mr. D. Let me look that up for you. Is **** correct? Yes sir, that sounds about right. New date shows online before we finish the chat.
Boom, a brand new CL from 1998.
Once again, thanks CB. You guys are awesome as usual
There are usually a lot of questions about why to apply for new Amex cards in January, particularly this time of year. Below is a brief explanation.
When you have an Amex log in, you have a "Member Since" date. For example, here is what mine looks like when I log in to my account.
Once you have established a "Member Since" date, every new Amex you open will show as being opened in the MS year. For example, every Amex I open reports as being opened in 1992. A new Amex will report the month that it was opened with the MS date as the year.
For example, let's assume a MS date of 2013 and two different scenarios for opening a second card.
MS date 2013
Amex 2 opened December 2014
Amex 2 reports as opened December 2013
reports as 1 year old
MS date 2013
Amex 2 opened January 2015
Amex 2 reports as opened January 2013
reports as 2 years old
If you have a really young MS date, you can see why applying in January can help you boost your AAOA over time. Waiting 1 month in this example nets another year of account age.
If you don't have an Amex, it is wise to get one before the year ends to lock in a MS date.
If you have a young MS date, it is wise to wait until January to take advantage of the account age as much as possible.
I have a friend who had an Amex opened in 1985 but does not have one today. Their Experian FICO was 666 a month ago due to these factors:
Utilization: 8% Oldest Account: 20 years Average Age: 10 years Inquiries: Zero Minuses:
3 Public Records (3 federal tax liens from Feb 2012, two say released, one not showing that) Only 2 Accounts in good standing No recent non-mortgage installment loans Most recent late payment 1 year 6 months ago (60 days late January 2013 on car loan) I think an Amex backdated to 85 would be a great addition to their credit report, but don't want to have them apply if unlikely they will be approved. Was looking at the Delta and Hilton cards as possibly being good ones to try, or would a green card be a more likely approval?