Question about account aging

[Anonymous]

I have a credit card that just turned 1 years old last month.  It is being reported to my reports tomorrow or monday.  Does that usually increase my score when a tradeline gets to be over 12mo old?

[pizzadude]

FICO scores your average age of accounts ( AAoA ), which is derived from all of the accounts ( open & closed ) showing on your report.

If adding a 1 year old account increases your AAoA then you might see a FICO score bump.    But FICO also scores your revolving account utlilization, so if you %util increases then you may see a score decrease.

[llecs]

IME, I've seen as much as 10+ when my most recent TL turns 1 year old. This happens usually when I don't have anything newer reporting. ETA...any change would likely occur on the first because 2 of the 3 CRAs backdate to the first for each TL.

[Anonymous]

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@llecs wrote:

IME, I've seen as much as 10+ when my most recent TL turns 1 year old. This happens usually when I don't have anything newer reporting. ETA...any change would likely occur on the first because 2 of the 3 CRAs backdate to the first for each TL.

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When you say on the first, do you mean the first day of the month that the cc account was opened or the following month? Example: CC account opened on 1/11

[RobertEG]

My understanding is that under the category of new credit, which also includes inquiries less than one year, accounts opened in the last year also lead to some score ding.

So I would not be surprised to see some point increase.