topic Re: AU Credit Card question.... in Credit Cards

AU Credit Card question....

CreditCuriosity — Mon, 27 Apr 2015 12:52:51 GMT

I had my parents about a year or so ago during my rebuild add me as an AU on one of their High Limit Chase cards or make that two of them.. Anyways my question is this..

I no longer need those to be an AU on those cards or at least I don't think I do anymore, but this is why I am asking others.. If I am removed from the AU I will still have about 60k total avaiable CL available to me on my own credit, so that is good or decent at least.. My main question is has the history meaning months reports years and years of perfect paymetn history on their account the one I am a AU user on impact my AAoA at all or payment history if I remove that card? Will I take a hit on payment history/AAoA or fico ignore AAoA in those calculations? Hopefully someone will have a definite answer on this one. I know the account will report as terminated and not removed from the CR, just curious on any other impacts it might have if any?

Re: AU Credit Card question....

Anonymous — Mon, 27 Apr 2015 13:20:40 GMT

I've wondered the same thing why don't you try it with one and report back, worst case scenario you get readded. I would try it but my question is about an AU account that was closed almost 10 years ago but is still showing on my report and curious what's gonna happen when it drops off

Re: AU Credit Card question....

Anonymous — Mon, 27 Apr 2015 13:26:40 GMT

In most cases You will lose all the age and payment history .

Re: AU Credit Card question....

takeshi74 — Mon, 27 Apr 2015 13:30:51 GMT

@CreditCuriousity wrote:
My main question is has the history meaning months reports years and years of perfect paymetn history on their account the one I am a AU user on impact my AAoA at all or payment history if I remove that card? Will I take a hit on payment history/AAoA or fico ignore AAoA in those calculations? Hopefully someone will have a definite answer on this one. I know the account will report as terminated and not removed from the CR, just curious on any other impacts it might have if any?

It all depends on what happens to your reports. You can't assume that the TL will continue to show up on your report when you're removed as an AU. In some cases the TL is removed. In some cases the TL remains. The factors you're asking about are calculated based off of what's in the report. If the TL is there it will factor in. If it's not there it will not factor in. Same as with any other account on the report.

Re: AU Credit Card question....

CreditCuriosity — Mon, 27 Apr 2015 13:56:04 GMT

@takeshi74 wrote:
@CreditCuriousity wrote:
My main question is has the history meaning months reports years and years of perfect paymetn history on their account the one I am a AU user on impact my AAoA at all or payment history if I remove that card? Will I take a hit on payment history/AAoA or fico ignore AAoA in those calculations? Hopefully someone will have a definite answer on this one. I know the account will report as terminated and not removed from the CR, just curious on any other impacts it might have if any?
It all depends on what happens to your reports. You can't assume that the TL will continue to show up on your report when you're removed as an AU. In some cases the TL is removed. In some cases the TL remains. The factors you're asking about are calculated based off of what's in the report. If the TL is there it will factor in. If it's not there it will not factor in. Same as with any other account on the report.

Appers I should just leave it.. 25k CL and about 3k-4k used at any given time... I guess the payment history of 10+ years outweighs removing that card and my parents are big time responsible so I don't see any real benefit of having them or myeslf remove me as an AU at this time from what I am reading

Re: AU Credit Card question....

Anonymous — Mon, 27 Apr 2015 13:57:36 GMT

@CreditCuriousity wrote:
@takeshi74 wrote:
@CreditCuriousity wrote:
My main question is has the history meaning months reports years and years of perfect paymetn history on their account the one I am a AU user on impact my AAoA at all or payment history if I remove that card? Will I take a hit on payment history/AAoA or fico ignore AAoA in those calculations? Hopefully someone will have a definite answer on this one. I know the account will report as terminated and not removed from the CR, just curious on any other impacts it might have if any?
It all depends on what happens to your reports. You can't assume that the TL will continue to show up on your report when you're removed as an AU. In some cases the TL is removed. In some cases the TL remains. The factors you're asking about are calculated based off of what's in the report. If the TL is there it will factor in. If it's not there it will not factor in. Same as with any other account on the report.
Appers I should just leave it.. 25k CL and about 3k-4k used at any given time... I guess the payment history of 10+ years outweighs removing that card and my parents are big time responsible so I don't see any real benefit of having them or myeslf remove me as an AU at this time from what I am reading

@Anonymous,

I agree.. .If it is not broken, don't fix it. It is benefiting you so leave it alone and don't create unneccessary headaches for yourself.