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Silly AMEX Question

The last post in this topic was posted 2157 days ago. 

 

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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?

Edited by BJKill

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Someone asked me to comment on churning Amex cards to pad your AAOA. Remember that AAOA is open AND closed accounts, and that closed accounts can report up to 10 years after they're closed.

 

For personal cards, you can have up to 4 revolvers and one of each type of charge card.

 

Keep adding cards until you at least hit the max for revolvers. Cancel 1-2 every year or two and replace them with new cards.

 

In the end, you add a lot of "old" cards if you do it right. Just do the calculations to make sure you will actually be helping your AAOA.

http://creditboards.com/forums/index.php?showtopic=535660

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It's like eating corn, only even more rewarding when you see the results come out the other side.

Gross. If you were my partner I'd whack your pee-pee.

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What is D* ?

AMEX backdates new accounts to the date your first account was opened with them. Same as member since date. Helps AAofA.

 

(If you were joking, I'm gullible.)

Edited by BJKill

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What is D* ?

AMEX backdates new accounts to the date your first account was opened with them. Same as member since date. Helps AAofA.

 

(If you were joking, I'm gullible.)

 

He's joking! :rofl:

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You guys are mean! Every time I try to help (some moron) the joke is on me. Gonna crawl back under my rock and pout.

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You guys are mean! Every time I try to help (some moron) the joke is on me. Gonna crawl back under my rock and pout.

BJ, we are not mean. You are learning. It's all good.

 

 

Now, what is B* ?

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The Master Amex Backdating thread is 137 pages long for a reason. :grin:

Exactly, and the B* thread is over 550 for this same reason.

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You guys are mean! Every time I try to help (some moron) the joke is on me. Gonna crawl back under my rock and pout.

Haha

 

I remember :rofl:

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Oooooooooh, I thought BJKill was Captivated's new username when I opened this thread! :rofl:

 

 

BJKill, just kidding...on your part :lol:

Edited by mendelssohn

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I need to learn how to GAME carefully manage my postings count. Seems like under 1000 you're back to being a freshman shoved into your locker. :sorry:

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Oooooooooh, I thought BJKill was Captivated's new username when I opened this thread! :rofl:

 

 

BJKill, just kidding...on your part :lol:

You are so mean :(

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I need to learn how to GAME carefully manage my postings count. Seems like under 1000 you're back to being a freshman shoved into your locker. :sorry:

Has NOTHING to do with post count.

 

The longer you dwell on it, the longer it hangs around. It was nothing man, you're good :good:

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