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New Accounts

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Anonymous
Not applicable

New Accounts

Hello, I'm planning to have an app spree ...

However, I currently have 5 new accounts that's <= 6 months. If I choose like 4 of these new accounts, would it increase my chances of being approved for my next credit card?

 

Would the AAoA increase?

Message 1 of 4
3 REPLIES 3
gdale6
Moderator Emeritus

Re: New Accounts


@Anonymous wrote:

Hello, I'm planning to have an app spree ...

However, I currently have 5 new accounts that's <= 6 months. If I choose like 4 of these new accounts, would it increase my chances of being approved for my next credit card?

 

Would the AAoA increase?


AAoA decreases with each new account opened.

Message 2 of 4
Anonymous
Not applicable

Re: New Accounts


@Anonymous wrote:

Hello, I'm planning to have an app spree ...

However, I currently have 5 new accounts that's <= 6 months. If I choose like 4 of these new accounts, would it increase my chances of being approved for my next credit card?

 

Would the AAoA increase?


I don't really understand your question but your AAoA will decrease with new accounts.  So are you applying for 4 new accounts making your accounts 9?  What kind of cards /account do you have now?  Why are you looking to add 4 new accounts?

Message 3 of 4
longtimelurker
Epic Contributor

Re: New Accounts


@yesi-ts-me wrote:

@Anonymous wrote:

Hello, I'm planning to have an app spree ...

However, I currently have 5 new accounts that's <= 6 months. If I choose like 4 of these new accounts, would it increase my chances of being approved for my next credit card?

 

Would the AAoA increase?


I don't really understand your question but your AAoA will decrease with new accounts.  So are you applying for 4 new accounts making your accounts 9?  What kind of cards /account do you have now?  Why are you looking to add 4 new accounts?


I assume "choose: like 4 of these accounts" is "close like 4 of these accounts".   Closing them won't hide the inquiry for getting them, and AAoA counts both closed and open, so closing has no effect.   And, as said above, each new account, except for cards that backdate enough, will decrease AAoA.

 

So closing probably won't help, unless you have too many cards from one issuer and they won't give you a new one unless you close.

Message 4 of 4
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