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Silly AMEX Question


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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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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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