topic No AAoA Increase? in Credit Cards

No AAoA Increase?

newUser0 — Thu, 03 Apr 2014 16:00:21 GMT

My Amex PRG reported today morning. However, as per Credit Karma there is no AoA increase? Why?

I applied this card in Feb 2014 and they did reported there as Feb 2013 Opening Date. Is this some thing new that for Amex, they are NOT considering the backdated date?

Re: No AAoA Increase?

pizzadude — Thu, 03 Apr 2014 16:06:50 GMT

@newUser0 wrote:
My Amex PRG reported today morning. However, as per Credit Karma there is no AoA increase? Why?

I applied this card in Feb 2014 and they did reported there as Feb 2013 Opening Date. Is this some thing new that for Amex, they are NOT considering the backdated date?

I'd ignore the AAoA calculations from CK. They are not the same as FICO.

Your FICO AAoA will reflect the age from the date opened of Feb13.

Re: No AAoA Increase?

VirusCredit13 — Thu, 03 Apr 2014 16:07:05 GMT

What is AAoA? now/before

How many accounts do you have? now

Re: No AAoA Increase?

newUser0 — Thu, 03 Apr 2014 16:11:09 GMT

@pizzadude wrote:
@newUser0 wrote:
My Amex PRG reported today morning. However, as per Credit Karma there is no AoA increase? Why?

I applied this card in Feb 2014 and they did reported there as Feb 2013 Opening Date. Is this some thing new that for Amex, they are NOT considering the backdated date?

I'd ignore the AAoA calculations from CK. They are not the same as FICO.

Your FICO AAoA will reflect the age from the date opened of Feb13.

I did not knew this. Wil try to get FICO and see...

Re: No AAoA Increase?

newUser0 — Thu, 03 Apr 2014 16:19:55 GMT

@VirusCredit13 wrote:
What is AAoA? now/before
How many accounts do you have? now

My AoA before is 0Yr 8 M and after is 0Yr 7 M

I got Merrick today morning. This may decrease further...

Re: No AAoA Increase?

Anonymous — Thu, 03 Apr 2014 16:25:26 GMT

The added year of account age on the PRG would need to be spread across all your open/closed accounts, before you can calculate your new AAoA.

Re: No AAoA Increase?

AzaleaB — Thu, 03 Apr 2014 22:06:58 GMT

Based on the age of your other two accounts, your AAoA has not changed. 1 acct at 7 months, 1 acct at 8 months and 1 acct at 12 months is a total of 27 months. The average is just 9 months. I think that's considered 1 year (rounded up for < 1 year?) but you would have the same for the two accounts. You need more time to drive up your AAoA.

Re: No AAoA Increase?

AzaleaB — Thu, 03 Apr 2014 22:16:02 GMT

There is some good news, though. When your new account reports, it will not affect your AAoA. It's reported in years, not months.