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First Premier CC's / AAOA question

Established Contributor

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?

Chap7 discharge 7/29/15
Fico 11/20: TR:595(high util)
Cap1(Plat+QS) 3500+2500/Merrick 1000/Express 1100.
Message 1 of 7
6 REPLIES
Valued Contributor

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%
Message 2 of 7
Contributor

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).
Message 3 of 7
Established Contributor

Re: First Premier CC's / AAOA question

So what about closed FP cc accounts? Would I be seen as a once desperate former subprime customer even then too?  Smiley Happy  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. :/

Chap7 discharge 7/29/15
Fico 11/20: TR:595(high util)
Cap1(Plat+QS) 3500+2500/Merrick 1000/Express 1100.
Message 4 of 7
Valued Contributor

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%
Message 5 of 7
Established Contributor

Re: First Premier CC's / AAOA question

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

Chap7 discharge 7/29/15
Fico 11/20: TR:595(high util)
Cap1(Plat+QS) 3500+2500/Merrick 1000/Express 1100.
Message 6 of 7
Highlighted
Valued Contributor

Re: First Premier CC's / AAOA question


westo12 wrote:

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


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%
Message 7 of 7