CarefulBuilder14 wrote:When I am ready to buy a house eventually, I expect my history and down payment will be strong enough to get a good interest rate on a mortgage. My credit is satisfactory for employment purposes. Other than that, I don't really need a spectacular credit score, so I'm not upset about a limited ability to backdate. I should have switched from debit to credit cards earlier, but that is a different matter.
It's more that I'm having trouble understanding how Amex keeps the reputation for status and selectivity when a 'prodigal son' can so easily regain that 'rarefied' status of having several '23-year old' cards. Backdating a card and glossing over a blacklisted period is legally acceptable b*llsh*tting, but it's still b*llsh*tting. At least in my mind, there can be no status in something that can be achieved just as easily through b*llsh*t as through success, discipline, and organization.
Since you've taken to my "prodigal son" analogy so well, you should refer back to the parable where the other son is bitter about the prodigal son. You seem to be that other son... you never left home- why should I get preferential treatment? Can't you just be happy for other people who were doing poorly and are now doing well? There are lots of people who were doing poorly at the same time I was doing poorly and are still doing poorly and will always do poorly because, as you said earlier, it's all about personal responsibility. But I'm not going to apologize for receiving backdating and I don't know why it bothers you so much...
If you were to post tomorrow that you checked your credit reports and your 1/2 year old Chase Freedom account was erroneously showing as being opened in 1952, I would be happy for you because it doesn't affect me in the least bit. I would even tell you it would be dumb to contact Chase or the "Big Three" and correct it. I don't even think you have a moral obligation to fix it. One of the reasons we are (supposedly) on this forum and others like it is so that we can help each other out and rejoice in other people's triumphs.
And relax about the Amex rep for "status and selectivity". It's been going downhill for around 10 years for reasons having nothing to do with backdating. There's a guy who posts here named "membersince77" (not related to 99) who laments in his signature file that he's had a gold card since back "when it meant something." Amex jumped the shark when they let others issue cards on their own network. Eventually, Amex (the card issuer) will spin off Amex (the Network) and Amex (card issuer) will become just another issuer. By then, their charge cards will be transitioned into true revolving credit cards and subprime issuers like First Premier and Credit One will be issuing their own "Amex" cards.
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450