- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
Experian does not sell a real credit score to consumers. You bought a FAKO from them. If you want real FICO, I would recommend buying the Equifax FICO score from myfico.com. Do not buy the TU FICO score as it uses an out of date FICO scoring model that few lenders use. Problem with FAKOs and even the myfico TU FICO score, is that it can be a little inaccurate or highly inaccurate. Additionally changes to your credit file don't even behave in the same way a FICO score would. As for EQ FICO score from myfico, obviously you will have to compare the credit report to Experian one. If they are the same, then your score is likely around the same (give or take 20 points).
As for the AMEX, here is my advice. Go ahead and use the Zync. In January 2013, apply for whatever AMEX revolver you want (blue cash etc.). Here is why. One, existing customers for AMEX only get a soft pull (ie no negative on credit) when they get a rejection and a hard pull only with approval. So in other words, there is no penalty to your credit score from rejection. Although Amex restricts applications within 30 days with rejection.
AAoA is average age of accounts and is the key calculation in the portion of FICO scoring that measures your depth and breathe of your credit file. AAoA looks at how many months old all your accounts are (open closed etc.) and gets the average. Usually there is no way to affect this and this is one of the reasons your credit score goes down as you add more credit cards. Amex however has an unique way of handling opening dates for accounts. Basically a card is reported to the credit bureaus with the year you FIRST became a "member" of Amex and the month in which you opened your account. Assuming the Zync is your first AMEX, your member year will be 2012. So the new Zync card will show opened in 08/2012. If you were to get another AMEX in Jan. 2013, the new card would show an open date of 01/2012. This is called AMEX backdating. Basically it would look like you opened the new AMEX a year ago and that it is older than the Zync. This is why January should be apply to AMEX month. Where this becomes really powerful is in the future. Lets say in 10 years, you apply for an another AMEX, it would show it opened in 2012 and therefore be 10 years old. Obviously this would help your AAoA tremendously. I have used AMEXs to counterbalance new VISA/MC I open as my member year is 1989.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k