Welcome and congrats on making such progress on your personal credit situation. I myself am not an Amex cardmember, but I can help with the more basic stuff.
Lasers wrote:I called and was told that I was setup on the no preset spending limit, that's standard on gold cards I believe, right?
Correct. This is the case on all charge cards. It is not that you have an unlimited credit line, but there is just no hard dollar amount set. It can change over type based on your spending.
Lasers wrote:What is "Backdating"?
Backdating is a perk exclusive to Amex that will help your average age of account (AAoA) when you apply for new Amex cards, and therefore help out your FICO score. If you opened this card and became a member in 2014, that is the year Amex will report any future cards as being opened (the month stays the same). Let's say you're approved for an EDP this coming January - instead of 1/15 Amex will report it as being opened in 1/14; if you go for a BCP in October of 2020 it will be reported as being opened in 10/14. It will boost your FICO score; the longer a card is backdated the better it is on your AAoA. (An analyst going over your profile in detail will be able to tell an account has been backdated by a lack of activity, but it is still good for your FICO).
Lasers wrote:It's in my name and I pay the bill, but they also back it.
I don't know too much about corporate cards, but if it is in your name and you are responsible for the account I would guess backdating would apply for the year you got this card.
Lasers wrote:I'm wanting to make sure I'm not missing out on anything with this card. The promo is for the bonus 25k points after 2k spending. I'll do that in the first month.
Update, I looked at the approval email again, seems like I did apply for the PRG. Woot?
This is confusing me. Are you sure you have the corporate card and not a personal card? There are Green, Gold, and Platinum cards in both the personal and corporate lines. The PRG (Premier Rewards Gold) is special type of gold personal charge card that earns more rewards than the standard personal gold, and it and has a 25,000 bonus point introductory offer
. Just looking at the corporate cards
, however, I'm only seeing a gold. No PRG