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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/
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?
You can use this link to apply for the AMEX HHonors Surpass and get an extra 20k in points with no additional spend (still $3k in 3 months) until Feb 28, 2015. This may be a good option for those going to apply in Jan or for those doing the AMEX end of year experiment or if you just want to be safe and apply now to establish a 2014 date with AMEX. This card also gives you GOLD status for great upgrades and free Wifi, which can sometimes be $20/night.
AF is the same as the 60k link on the main AMEX page ($75) and is also not waived the first year.
If you recently got this card with the 60k bonus, go on AMEX chat and ask for the extra 20k. Provide this link to them, if they need proof that the offer is out there. Usually <90 days from the time your account was opened.
Good luck and happy applying!!