topic Re: AAOA vs. Credit Score in Credit Cards

AAOA vs. Credit Score

HappySoda — Wed, 23 Jan 2013 23:27:12 GMT

I have 4 credit cards through Comenity Bank (Vic Secret, Jcrew, etc.). They were the only ones who would grant me credit back in September.

Bought a few small things and paid them off. My score is currently 740.

I have 1 very old open account with a $500 limit (8 years old jewelry acct still open). I have one secured visa for $300 (sep 2012 opened). I am an authorized user on a Chase card for $5000 for 6 months.

My question is, at what point can I start apping and seeing some approvals? I'm afraid to apply and scared of seeing the old, "Your accts are too new. Limited credit history. Blah blah"

Do you think at 6 months or a year?

Thanks

Re: AAOA vs. Credit Score

Duncanrr — Thu, 24 Jan 2013 00:03:15 GMT

Depends on what you are aiming for credit scorewise. If higher end cards you want at least a year. Some like Walmart, Barclays, etc could be obtained at 6 months.

Re: AAOA vs. Credit Score

racer-x — Thu, 24 Jan 2013 00:11:11 GMT

With the scores in my sig, OA at 5 yrs, and AAoA of about 1 yr. 2 mos, I obtained about 8 new accounts worth about $40K in the past month or so....

(3) accounts are not reporting yet, and when they do, I'll have an AAoA of about 2 mos. lol. Needless to say, gardening is my latest and greatest profession.