Reply
Established Contributor
Posts: 584
Registered: ‎07-20-2008
0

First Premier CC's / AAOA question

1. I've been reading a lot that if you have FPB cards, that most traditional cc companies will not issue you a card if they see you have these.  Is this really true?  

 

2. Why are people always saying don't close your oldest credit card account, because it will affect your AAOA, when in fact - closed or not, it is still calculated in your AAOA?

2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 30 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11169/27232=41%util

**IN the garden until I get some auto CLI's on major accts**
Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: First Premier CC's / AAOA question


westo12 wrote:

1. I've been reading a lot that if you have FPB cards, that most traditional cc companies will not issue you a card if they see you have these.  Is this really true?  

 

2. Why are people always saying don't close your oldest credit card account, because it will affect your AAOA, when in fact - closed or not, it is still calculated in your AAOA?


1) It shows that you were a desperate sub-prime borrower at one point.

 

2) People are misinformed. Sources like credit karma indicate that closing an account with impact AAoA. When in fact an account closed in good standing will continue to report for 10 years.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Contributor
Posts: 268
Registered: ‎10-25-2012
0

Re: First Premier CC's / AAOA question


Dustink wrote:

westo12 wrote:

1. I've been reading a lot that if you have FPB cards, that most traditional cc companies will not issue you a card if they see you have these.  Is this really true?  

 

2. Why are people always saying don't close your oldest credit card account, because it will affect your AAOA, when in fact - closed or not, it is still calculated in your AAOA?


1) It shows that you were a desperate sub-prime borrower at one point.

 

2) People are misinformed. Sources like credit karma indicate that closing an account with impact AAoA. When in fact an account closed in good standing will continue to report for 10 years.

 


LOL! I was literally just told that same thing by a few people on here when I got denied for Chase Freedom......Stupid credit "rebuilding" agency signed me up on the FP card. I got taken. lol

Shrug...I'm just using it until I get some more history to get a better card and then that one's gettin axed.


-------------------------------------------------------------------------------------------------
EQ 701, TU 685, EX ?
Wallet:
Amazon store $2500(10/12), Cap1 $1500 (10/12), Discover $1700 (11/1/12).
Established Contributor
Posts: 584
Registered: ‎07-20-2008
0

Re: First Premier CC's / AAOA question

[ Edited ]

So what about closed FP cc accounts? Would I be seen as a once desperate former subprime customer even then too?  :smileyhappy:  I just was approved for a Cap One, had a BofA card which was closed by them even though I was never late that I'm still paying off also.  Just wasn't sure if I'll be profiled until those age off in 10 years or not. :/

2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 30 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11169/27232=41%util

**IN the garden until I get some auto CLI's on major accts**
Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: First Premier CC's / AAOA question

FP seems to bug AMEX the most

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Established Contributor
Posts: 584
Registered: ‎07-20-2008
0

Re: First Premier CC's / AAOA question

Good to know, as I'd LOVE to have an Amex this time next year. :smileyhappy:

2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 30 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11169/27232=41%util

**IN the garden until I get some auto CLI's on major accts**
Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: First Premier CC's / AAOA question

[ Edited ]

westo12 wrote:

Good to know, as I'd LOVE to have an Amex this time next year. :smileyhappy:


If you get your baddies off and utilization down, you should be good to go.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}