06-16-2011 12:17 PM - edited 06-16-2011 12:20 PM
06-16-2011 12:37 PM
So those two Amexs are AU accounts?
You may be able to backdate YOUR Amex account to one of those.
I asked Amex about this when I applied, and was told its a no-go. I'm a bit hesitant to ask for any more favors from them at this point, I'm just grateful to have the card.
06-16-2011 04:40 PM
Your very own AmEx should date back to the year you became an AU.
If you became an AU in 2011, well, then, there you have it. But if you became an AU in 2010 or 2002 or whatever, then it should backdate to that year.
I would so strongly consider keeping open your AU Discover card that was opened in 2002 and rarely carries a balance - you need the age. I would also keep the AU on the 1981 Amex. Figure out your utilization - with that card reporting a balance, it looks like you'll still be below 9% (I'm not in a math mood). Just let your other accounts report zero. Giving up that age will hit you FICO-wise. In fact, I think I would hold on to the AU Amex 2000 card as well. Very low balance - and 11 years of age. That's kinda golden.
The Chase AU I think you can easily let go of. The others are serving you very very very well. Don't shoot yourself in the foot in an effort to tidy things up.
06-16-2011 05:40 PM
So I became an AU in 2011, so that point is moot.
I intend to keep open the Discover AU card. And the Amex 1981 card doesn't seem to affect my utilization. I suppose I can hold the 2000, too. Calling to drop the Chase card as I post.
So then I would have
Zync report balance
Green report balance
Gold report balance
BofA report balance
Citi report 0
Discover report 0
Discover report 0
Chase report 0
Seems decent... beamMEup, what are your thoughts on dropping GEMB/Amazon?
06-16-2011 05:55 PM
With four accounts reporting a balance, you wanna keep any zero reporting account open and in good standing. IMO they are likely helping your FICO score.
I will pull back from my earlier recommendation to close Amazon, based on that issue. IMO - Keep 'er open til you get your number of accounts reporting a balance down.
Then, at that point, do the math and check your utilization before making any decision to close. Especially if it's a no AF account.
06-16-2011 08:32 PM
I'll join ya
06-16-2011 08:51 PM
+1 I think I'm gonna have to join you in the garden as well.
4 new accounts in 2 months (and one is PSECU Combo so it reports twice >_<)
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO