Finally backdated!

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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MemberSince99
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Postby MemberSince99 » Tue Aug 19, 2014 3:21 pm

otter wrote:That's a good point... I don't think any credit analyst is going to be fooled by my "23 year old" Amex BCE with a $1000 limit. Even Crap One isn't that slow in giving CLI's.




But with Discover, it might be possible.


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onion
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Joined: Tue Jul 01, 2014 8:59 pm
Location: Jacksonville, FL

Postby onion » Tue Aug 19, 2014 3:21 pm

otter wrote:Yeah, know what you mean... I have the propel card, but mostly because I have a relationship with them (so I get a bonus). It also helps me avoid checking account fees (if I use it three times a month) since I refuse to put any real amount of money in WF.


WF is the most horrid excuse for a bank in my opinion. I have an oooold teen checking account with them that I never got rid of because it makes it easy for me to send money to my parents or for them to send me money rather than writing each other checks and whatnot. Its pretty nice that it helps you avoid those account fees. I'm gonna have to start doing research soon to see which bank will give me a free or cheap account once I'm out of university because there's absolutely no way I'm coughing up $12 a month just to have a debit card and a place to put my money.
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

MemberSince99
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Location: WI

Postby MemberSince99 » Tue Aug 19, 2014 3:28 pm

The whole elite status and selectivity thing is way over the dam - I read on FICO of people with scores in the 640s getting approved for an NPSL charge card. We all know it REALLY has a limit, but you get the drift.


And their customer service when it's offshored is far from stellar. I can attest to that personally.


It's almost like you feel someone getting backdating is hurting you somehow. No, it doesn't affect you in the least, well only as far as you allow it to affect you by getting upset and or jealous about it. If you have always had perfect credit and have no missteps ever, wow, that's terrific and you deserve great kudos for that. Most people will never see what your credit was like 20 or even 15 years ago as that's not how the system is designed to work - it's designed to rate your recent (relatively speaking) performance as that's most relevant to creditors today. They are mostly concerned with the past few years performance as an indicator of what to expect from you - what happened 25 years ago whether good or bad is less relevant.


Granted that's a rule and there are exceptions to every rule. Some people will repeat the same patterns all their lives because they don't learn/don't care etc. But generally if your performance over the last 10 years has been stellar, it should take something pretty significant to change that. The system is designed to punish you for a while for missteps and eventually you get out of purgatory and get another chance. If they didn't do that, few would be able to get credit and a lot of these guys would be out of business, you know.


Just some thoughts.

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otter
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Location: Grand Forks, ND

Postby otter » Tue Aug 19, 2014 3:45 pm

DONx3 wrote:My bad then Fascist. Let's go by gov't power vs individual freedom, not the political spectrum.

He might not been a continuous amex client but he still applied back in 91 and nonetheless amex honors that. If you were in his shoes would you really tell amex "by the way, I won't be backdating because it's against my beliefs and I don't want to be like everyone else." It might be breaking whatever rules you have personally but it doesn't break the law. Besides amex are the only ones who do that so for you naziprorealopeningdate guys there you go.

I agree with you that everybody should be responsible for their mistakes, especially careless mistakes. Nonetheless, I don't know you and therefore discuss.


The key here is CB14 hasn't walked in my shoes... this is what the credit world used to look like:

  • Want advice on what cards to get or how to maximize your credit score? Sorry there aren't message boards where you can ask because the internet isn't around yet. There are a few books out there which may or may not give good advice.
  • Want your credit report? Sorry, you can only see it if you send a written request. You'll get it in 6-8 weeks.
  • Can I see my FICO score? What's a FICO score? Oh you mean a Beacon score, right? Well, rumor has it there's a company called Fair Isaac which has some secret algorithm the credit bureaus use. No one knows what's in it because there aren't any laws which compel them to tell you the secret formula. If you ask really nicely, the credit grantor might give you your score, but they don't have to.
  • Darn! I've been working 70 hours and forgot about my Amex statement. It's due in two days. Sorry there is no option other than mailing it in. Hopefully you live close enough to where it's being mailed so it gets there on time. If it gets there late, they'll probably waive the late fee if it was postmarked before the due date. Will it still show up as late on your credit report? I guess you'll have to wait 6-8 weeks to find out. Hopefully you won't need to apply for any loans before then.
  • Can I set up a recurring online payment to pay the amount due? What's that? What do you think this is the 21st century?
  • The post office lost my credit card payment check! Sht happens! Hopefully your credit card company won't hit you with late fees and apr increase. They've already reported it as 30 days late. If you have a really crappy local post office and they do it often enough, you'll probably be AA'd eventually.
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]
Sometimes in my Wallet:
  • 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

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onion
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Joined: Tue Jul 01, 2014 8:59 pm
Location: Jacksonville, FL

Postby onion » Tue Aug 19, 2014 3:51 pm

otter wrote:The key here is CB14 hasn't walked in my shoes... this is what the credit world used to look like:

  • Want advice on what cards to get or how to maximize your credit score? Sorry there aren't message boards where you can ask because the internet isn't around yet. There are a few books out there which may or may not give good advice.
  • Want your credit report? Sorry, you can only see it if you send a written request. You'll get it in 6-8 weeks.
  • Can I see my FICO score? What's a FICO score? Oh you mean a Beacon score, right? Well, rumor has it there's a company called Fair Isaac which has some secret algorithm the credit bureaus use. No one knows what's in it because there aren't any laws which compel them to tell you the secret formula. If you ask really nicely, the credit grantor might give you your score, but they don't have to.
  • Darn! I've been working 70 hours and forgot about my Amex statement. It's due in two days. Sorry there is no option other than mailing it in. Hopefully you live close enough to where it's being mailed so it gets there on time. If it gets there late, they'll probably waive the late fee if it was postmarked before the due date. Will it still show up as late on your credit report? I guess you'll have to wait 6-8 weeks to find out. Hopefully you won't need to apply for any loans before then.
  • Can I set up a recurring online payment to pay the amount due? What's that? What do you think this is the 21st century?
  • The post office lost my credit card payment check! Sht happens! Hopefully your credit card company won't hit you with late fees and apr increase. They've already reported it as 30 days late. If you have a really crappy local post office and they do it often enough, you'll probably be AA'd eventually.


Wow, that's absolute ****. I feel spoiled now.
FICO TU - 728 - 8/14

FICO EX - 716 - 7/14

FICO EQ - 740 - 7/14



Bank of America Cash Rewards - $2,400

Best Buy - $3,000

American Express Blue Cash Everyday - $8,000

American Express Everyday - $10,000

Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)

American Express Platinum - NPSL

Barclaycard Arrival+ - $3,000

Capital One Yamacard - $11,000

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CarefulBuilder14
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Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Tue Aug 19, 2014 3:54 pm

A lot to catch up with here...I'll need a bit to process it all.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

MemberSince99
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Tue Aug 19, 2014 4:01 pm

I remember those bad old days. It wasn't that long ago (2002). I remember leaving my credit card payments in the mailbox for the mailman to take, and then a neighbor comes by with the envelopes and said they saw kids on bikes drop them and found these envelopes opened with the checks gone.


What those kids did is a felony, but of course they were never caught, though as fascist as we've become they would probably be tortured, I mean harshly interrogated since we don't torture, today. I can't say I'd want to see that. I had to pay to put stop payment on all the checks and then make arrangements to pay by phone which cost me further money and hope nothing bad happened with my checking account. This, and mail delays or things getting lost in the mail is why I never pay through the mail anymore.

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CarefulBuilder14
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Location: United States

Postby CarefulBuilder14 » Tue Aug 19, 2014 4:06 pm

I understand that creditors are a lot more interested a full credit report and the last 7-10 years of credit history than a FICO score or backdated date.

I now see that creditors and business contacts may take a ‘member since’ date with a grain of salt. Dates that actually do like an old ‘member since’ date are going to worry a lot more about the kind of car I drive (a boring sedan).

I see that the logistics of payment have gotten a lot easier, as well as the availability of information about credit, compared to the 20th century.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

popamode72
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Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Tue Aug 19, 2014 4:17 pm

onion wrote:WF is the most horrid excuse for a bank in my opinion. I have an oooold teen checking account with them that I never got rid of because it makes it easy for me to send money to my parents or for them to send me money rather than writing each other checks and whatnot. Its pretty nice that it helps you avoid those account fees. I'm gonna have to start doing research soon to see which bank will give me a free or cheap account once I'm out of university because there's absolutely no way I'm coughing up $12 a month just to have a debit card and a place to put my money.


I wish I had known that much earlier so I would have never wasted my time having a card with them in the first place.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Location: United States

Postby CarefulBuilder14 » Tue Aug 19, 2014 4:24 pm

DONx3,

Capitalism and libertarianism are different from fascism.

Otter and others,

I agree that mistakes in the distant past should be forgiven, at least as far as creditworthiness (certain criminal matters like murder being well beyond the scope of this discussion). I just don't think bad behavior in the past (early 90's to the blacklist date) should be relabeled as good behavior and treated with honor.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when



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