- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
Couple of things:
1) if this is business Amex, it will not show up on your report so it will not help your credit.
2) fico 04 scoring model which is the one used by mortgage lenders take AU accounts into account for scoring purposes. Obviously underwriter will deny an applicant whose only good accounts are AU. However, if a couple of AU accounts out of many good accounts nudges your score to level to get lowest interest, I think you are good. For credit card apps, most significant sized lenders have somewhat customized or fully customized scoring models that discount AU accounts from a little to almost ignoring them.
So add AU accounts that you think will help you. Avoid Amex if apping for mortgage soon as Amex AU accounts report open date as when card was issued which reduces aaoa. Other cards AU accounts duplicate the original trade line with AU notation including open date etc.
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