Reading recently online I have discovered many people talking about Amex "Backdating".
Apparently when you open a new card with American Express, they report the age of the account as the same age as your FIRST card with them. This would potentially be a FICO booster if you open a new card with them after having a previous card with them for a while.
Are these "backdating" rumors true? Also, if I open a card today with them, and then in 10 years I open another card with them, will my credit report show TWO cards with age of 10 years or do both my AMEX cards consolidate into one age for my credit report?
It seems to me that I should just open up a no annual fee card with them today and keep it in a drawer if backdating works successfully.