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Established Contributor
westo12
Posts: 563
Registered: ‎07-20-2008

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 TU646/EX662/EQ629 (WalTU 4/4,MYFico 3/1, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 5/30 day auto lates in 2yrs /Install Debt: Santander $11k | Springleaf $4k | Revolving Bals/Limit 8535/21974=39%util: Chase 4k | BofA 3k | Kay 3k | Macys 1900 | Barclay 1.5k | Walmart 1.5k | Amazon Store 1.2k | Citi/Goodyear 900 | BML 862 | Emblem 832 | CareCredit 800 | DiscoverIT 800 | Target 700 | CapOne 600 | Chase/AU 500 | VictSec 500 | CapOne 450 | Express 250 | Buckle 250 **Officially in the garden until I get some auto CLI's on my major accts**
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Contributor
Sitori
Posts: 268
Registered: ‎10-25-2012

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
westo12
Posts: 563
Registered: ‎07-20-2008

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 TU646/EX662/EQ629 (WalTU 4/4,MYFico 3/1, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 5/30 day auto lates in 2yrs /Install Debt: Santander $11k | Springleaf $4k | Revolving Bals/Limit 8535/21974=39%util: Chase 4k | BofA 3k | Kay 3k | Macys 1900 | Barclay 1.5k | Walmart 1.5k | Amazon Store 1.2k | Citi/Goodyear 900 | BML 862 | Emblem 832 | CareCredit 800 | DiscoverIT 800 | Target 700 | CapOne 600 | Chase/AU 500 | VictSec 500 | CapOne 450 | Express 250 | Buckle 250 **Officially in the garden until I get some auto CLI's on my major accts**
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
westo12
Posts: 563
Registered: ‎07-20-2008

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 TU646/EX662/EQ629 (WalTU 4/4,MYFico 3/1, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 5/30 day auto lates in 2yrs /Install Debt: Santander $11k | Springleaf $4k | Revolving Bals/Limit 8535/21974=39%util: Chase 4k | BofA 3k | Kay 3k | Macys 1900 | Barclay 1.5k | Walmart 1.5k | Amazon Store 1.2k | Citi/Goodyear 900 | BML 862 | Emblem 832 | CareCredit 800 | DiscoverIT 800 | Target 700 | CapOne 600 | Chase/AU 500 | VictSec 500 | CapOne 450 | Express 250 | Buckle 250 **Officially in the garden until I get some auto CLI's on my major accts**
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%

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