Amex no longer backdates on credit report

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
21 posts
Filmkid
Green Member
Green Member
 
Posts: 3
Joined: Wed Nov 27, 2013 7:51 pm
Location: Miami

Amex no longer backdates on credit report

Postby Filmkid » Thu Apr 09, 2015 7:58 pm

Today I got a huge surprise. I learned that starting on March 21, 2015 Amex no longer backdates on credit reports if you open a new account. I had recently opened an AMEX SPG, the card has my member since date of 92, but when it hit my credit it shows March 2015 as open date. When I called Amex to ask I was informed that amex has a new policy they no longer backdate after March 21, 2015. :(


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

Postby popamode72 » Fri Apr 10, 2015 7:28 am

I think the real proof in the pudding is when people ask Amex reps to change their MSD and it doesn't reflect that way on the CRs or when Amex starts to actively change the dates on people's cards to reflect when they were actually opened. Perhaps that's already happened. Who knows?
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)

rockyrock
Centurion Member
Centurion Member
 
Posts: 895
Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Fri Apr 10, 2015 8:37 am

That's actually a pretty big deal. Amex is my oldest account and having two reported as such makes a difference on my AAOA.
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

amex007
Centurion Member
Centurion Member
 
Posts: 131
Joined: Wed Apr 01, 2015 3:31 pm
Location: NY

Postby amex007 » Fri Apr 10, 2015 9:21 am

rockyrock wrote:That's actually a pretty big deal. Amex is my oldest account and having two reported as such makes a difference on my AAOA.


Yep same here. Hopefully they dont change mine since both are showing as since 98...
but if they do, oh well what can i do about it right
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Fri Apr 10, 2015 9:54 am

Yeah there have been discussions about this on other credit sites. Was wondering when it would be brought up here.

thom02099
Centurion Member
Centurion Member
 
Posts: 476
Joined: Sat Apr 13, 2013 7:49 pm
Location: Colorado, USA

Postby thom02099 » Fri Apr 10, 2015 11:42 am

amex007 wrote:Yep same here. Hopefully they dont change mine since both are showing as since 98...
but if they do, oh well what can i do about it right


Yup, it's been all over MyFICO as well as Flyer Talk, probably CreditBoards as well.

In reality, all AMEX is doing is separating out the "Member Since Date" from the "actual credit history", one not being tied to the other. I've been a "Member" since 1991 (1976 actually, but that's a different story), but my "history" has varied over the years.

The vast majority of card holders couldn't care less and probably have no idea that this has changed. It's only forum denizens that consider this a big deal.
Retired, and in the process of retiring cards!
EQ = 850 EX=849 TU = 850 as of 07/2017

whit
Centurion Member
Centurion Member
 
Posts: 508
Joined: Tue Aug 13, 2013 10:04 pm
Location: ca

Postby whit » Fri Apr 10, 2015 8:55 pm

thom02099 wrote:The vast majority of card holders couldn't care less and probably have no idea that this has changed. It's only forum denizens that consider this a big deal.


Actually it probably didn't, so Amex didn't do anything about this "perk"

I'm guessing if anything, enough people has noticed and complained

Companies never change anything unless it costs them $$$$ or if they're forced to because it takes $$$$ to implement changes, esp once they get so big that the size (amount of customers) factors in too

Battery111
Centurion Member
Centurion Member
 
Posts: 284
Joined: Wed Apr 09, 2014 9:40 pm
Location: Lawton, ok

Postby Battery111 » Fri Apr 10, 2015 10:02 pm

whit wrote:Actually it probably didn't, so Amex didn't do anything about this "perk"

I'm guessing if anything, enough people has noticed and complained

Companies never change anything unless it costs them $$$$ or if they're forced to because it takes $$$$ to implement changes, esp once they get so big that the size (amount of customers) factors in too


My apologies, but I'm having trouble understanding the context of your post. Are you saying that the reports are false, and that Amex still backdates, or that people complained about the backdating?

My apologies if this question seems silly. I'm just having trouble understanding what you're trying to say, probably due to the vagaries of the internets.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

whit
Centurion Member
Centurion Member
 
Posts: 508
Joined: Tue Aug 13, 2013 10:04 pm
Location: ca

Postby whit » Fri Apr 10, 2015 10:47 pm

I'm guessing, enough people noticed about the backdating and complained..because doing so will make it look like someone has had credit lines opened longer than it actually has right? And that makes Amex more attractive to some, and also unfair for those who cannot get approved for Amex, to get the same perk.

Why else would Amex no longer backdate (as op experienced), meaning they're going to change the system going forward..right? Don't they have to spend money to redo or tweak the system so that new applicants no longer get their accounts backdated?

Not sure why that was difficult to understand but hopefully I was able to clarify.

CC Deville
Centurion Member
Centurion Member
 
Posts: 1077
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Sat Apr 11, 2015 2:05 pm

whit wrote:I'm guessing, enough people noticed about the backdating and complained..because doing so will make it look like someone has had credit lines opened longer than it actually has right? And that makes Amex more attractive to some, and also unfair for those who cannot get approved for Amex, to get the same perk.

Why else would Amex no longer backdate (as op experienced), meaning they're going to change the system going forward..right? Don't they have to spend money to redo or tweak the system so that new applicants no longer get their accounts backdated?

Not sure why that was difficult to understand but hopefully I was able to clarify.


It would be nice to know the reason(s) why. I wonder where that Travis guy is (he is a poster here and admitted to working for Amex).

Could be their regulators got wind of it and wanted it ended; could be that Amex found out about people posting online about "backdating" and wanted to end that on their own accord before regulators took action. It could also be that with the Costco and Jet Blue relationships ending soon, the banks that are buying the accounts questioned Amex on the practice and wanted that ceased before any new accounts were opened that would ultimately be reported as older.

I just wish I had opened the ED card before all of this. Better yet, I wish they would let me PC my Blue to ED...



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 3 guests