Reply
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

How is anniversary computed?

How is new account anniversary computed by Fico? Is it the date account opened or month in which it is opened. I have 3 accounts in March and 2 accounts opened in April. Would Fico know the exact date of the month on which it is opened to determine the anniversary date or would it round it off to the end of the month in which it is opened?
Epic Contributor
Posts: 23,250
Registered: ‎10-23-2007
0

Re: How is anniversary computed?

I would say round off to month not by day.
Fico Scores: EQ- 668 DCU., TU 704 Best Buy, EX 700 Chase (2/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: How is anniversary computed?

[ Edited ]
The CRAs report back the month and year only. So rather than an anniversary date, it is an anniversary month. The open is obvious. It is reported on the CR as the month and year opened.

So, if you have a CC that was reported as opened in 3/2008, then by 3/2009, it will be 12 months old and you may see a small increase. The time that updates this month is based on when your CC reports next (around your statement date). You can also cheat and see the info on your FICO reports. Look at the "Credit-At-A-Glance" page and you can see a line item for "Accounts opened in past year" or something like that. If that says 5, then you'd know that your CCs haven't updated yet.

ETA...creditaddict is faster and more concise.
Message Edited by llecs on 03-09-2009 01:00 PM

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.