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Regular Contributor
ramblin_wreck08
Posts: 181
Registered: ‎08-09-2012
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Possible to get old card removed from credit history?

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
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CreditSnob
Posts: 15
Registered: ‎08-13-2012
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Re: Possible to get old card removed from credit history?

Nope
Frequent Contributor
newportguy
Posts: 351
Registered: ‎11-11-2012
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Re: Possible to get old card removed from credit history?


CreditSnob wrote:
Nope

+1  .... The TL is part of your credit history and can not be removed !!


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
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Revelate
Posts: 9,731
Registered: ‎12-30-2011
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Re: Possible to get old card removed from credit history?


ramblin_wreck08 wrote:

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.


At least for FICO, AAoA includes open and closed accounts: both calculated from the date they were opened.

 

So in this case AAoA isn't effected at all by the account, over time it'll actually help as a buffer against new applications as well.  The only real downside is the shortness of the tradeline on the report, but realistically with the second Amex opened right after, it should be very easy to explain away if questions do come up.  I wouldn't make a habit of doing such things though, but it isn't likely to be an issue in this case :smileyhappy:.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
ramblin_wreck08
Posts: 181
Registered: ‎08-09-2012
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Re: Possible to get old card removed from credit history?


Revelate wrote:

ramblin_wreck08 wrote:

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.


At least for FICO, AAoA includes open and closed accounts: both calculated from the date they were opened.

 

So in this case AAoA isn't effected at all by the account, over time it'll actually help as a buffer against new applications as well.  The only real downside is the shortness of the tradeline on the report, but realistically with the second Amex opened right after, it should be very easy to explain away if questions do come up.  I wouldn't make a habit of doing such things though, but it isn't likely to be an issue in this case :smileyhappy:.


Good to know.  I actually closed the account before the first month was up, so it doesn't show any payment history whatsoever.  Just that it was opened in August and closed in September (of course with "Paid as Agreed").  Does the same still apply?




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
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Re: Possible to get old card removed from credit history?


ramblin_wreck08 wrote:

Revelate wrote:

ramblin_wreck08 wrote:

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.


At least for FICO, AAoA includes open and closed accounts: both calculated from the date they were opened.

 

So in this case AAoA isn't effected at all by the account, over time it'll actually help as a buffer against new applications as well.  The only real downside is the shortness of the tradeline on the report, but realistically with the second Amex opened right after, it should be very easy to explain away if questions do come up.  I wouldn't make a habit of doing such things though, but it isn't likely to be an issue in this case :smileyhappy:.


Good to know.  I actually closed the account before the first month was up, so it doesn't show any payment history whatsoever.  Just that it was opened in August and closed in September (of course with "Paid as Agreed").  Does the same still apply?


AFAIK yes; the date opened on the tradeline is the only thing that matters; at least for AAoA payment history (good, bad, or non-existant) doesn't factor is my understanding of it.  There may be some other issue in the FICO algorithm where it matters (wouldn't surprise me in the slightest to find there are penalties for uber short tradelines), but it's not in AAoA at least.  

 

I didn't expect that but it was pretty conclusively proven via a simple spreadsheet.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Valued Contributor
Dustink
Posts: 3,097
Registered: ‎10-02-2012
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Re: Possible to get old card removed from credit history?

[ Edited ]

The only one who can remove it is AMEX and good luck getting somebody competent enough to understand what you want. You could try the executive office.

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%
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
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Re: Possible to get old card removed from credit history?


Revelate wrote:

ramblin_wreck08 wrote:

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.


At least for FICO, AAoA includes open and closed accounts: both calculated from the date they were opened.

 

So in this case AAoA isn't effected at all by the account, over time it'll actually help as a buffer against new applications as well.  The only real downside is the shortness of the tradeline on the report, but realistically with the second Amex opened right after, it should be very easy to explain away if questions do come up.  I wouldn't make a habit of doing such things though, but it isn't likely to be an issue in this case :smileyhappy:.


Not sure why you're saying that.  I think the OP's point is that he now has two accounts with very little age on his CR, so it is affecting his AAoA, it's dragging it down.  If it were to be removed, his AAoA would go up. 

 

But +1 to everything else.  You're not likely to get this removed.  And in time, it will be helping AAoA.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Moderator
Revelate
Posts: 9,731
Registered: ‎12-30-2011
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Re: Possible to get old card removed from credit history?

[ Edited ]

Walt_K wrote:

Revelate wrote:

ramblin_wreck08 wrote:

Six months ago I opened an account with Amex by getting the Zync.  About a month into it, I found that my spending justified the AF of the PRG.  Since I could not PC from the Zync, I simply closed the account and opened a new account for the PRG.

 

My question is, is it possible to remove the Zync from my credit history?  The account is in good standing and I didn't miss a payment, but it is dragging down my AAOA.


At least for FICO, AAoA includes open and closed accounts: both calculated from the date they were opened.

 

So in this case AAoA isn't effected at all by the account, over time it'll actually help as a buffer against new applications as well.  The only real downside is the shortness of the tradeline on the report, but realistically with the second Amex opened right after, it should be very easy to explain away if questions do come up.  I wouldn't make a habit of doing such things though, but it isn't likely to be an issue in this case :smileyhappy:.


Not sure why you're saying that.  I think the OP's point is that he now has two accounts with very little age on his CR, so it is affecting his AAoA, it's dragging it down.  If it were to be removed, his AAoA would go up. 

 

But +1 to everything else.  You're not likely to get this removed.  And in time, it will be helping AAoA.


Oh bleh, I definitely need some more caffeinne or a nap.

 

Yes today it is affecting AAoA the same as any new account; what I was trying to get at is that a closed account ages at the same rate an open one does from an AAoA perspective.

 

Mea culpa, been looking at a computer screen too long and my mind is going fuzzy and pear-shaped.  Thank you Walt for keeping me honest.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
ramblin_wreck08
Posts: 181
Registered: ‎08-09-2012
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Re: Possible to get old card removed from credit history?

[ Edited ]

Dustink wrote:

The only one who can remove it is AMEX and good luck getting somebody competent enough to understand what you want. You could try the executive office.


Good to know that they can remove it.  I'm not expecting much, but I'll give them a call and give it a shot.

 

Thanks so much to everyone for all your help.  :smileyhappy:  I'll let you know how it goes.

 

Edit: Just got off the phone with Amex customer service.  I called the number on the back of the card and explained my issue to rep.  He wasn't sure about how to handle my request, so put me on hold for a minute while he "researched".  When he came back, he told me that the credit bureau department would be the one most likely to be able to get this done.  He gave me their number and their hours.  All in all it was a good customer service experience, and I have hope that I can get this accomplished with a call tomorrow.  I'm now slightly optimistic that they can remove it for me.  Would be interesting to see the effect on my score.




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)

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