topic Re: Will upgrade impact my AAOA? in General Credit Topics

Will upgrade impact my AAOA?

PrimeHokage — Thu, 23 May 2019 14:44:41 GMT

I am looking to update my oldest credit card. A capital one platinum. In doing this will capital one give me a new account starting me a zero or will I still have the 8 years I have now?

Re: Will upgrade impact my AAOA?

Anonymous — Thu, 23 May 2019 14:46:01 GMT

It won’t affect your AAOA

Re: Will upgrade impact my AAOA?

Peteyglad — Thu, 23 May 2019 14:48:19 GMT

As mentioned you will not get a new tradeline on your reports for the upgrade and your AAOA will remain the same.

Re: Will upgrade impact my AAOA?

Shadowfactor — Thu, 23 May 2019 15:16:53 GMT

Welcome to the forums.

Usually product changes or product upgrades will keep the credit history. There are certain exceptions to this rule but I don’t believe those apply to this situation.

A new account number doesn’t imply that you will loose the history on its own but certain banks reporting practices may depending on how they report the product change or in some instances fraud.

It’s been a while since I’ve dealt with capital one but I believe the above responses are correct and that it would not be considered a new trade line thus keeping the history.

Re: Will upgrade impact my AAOA?

851 — Thu, 23 May 2019 15:44:53 GMT

@Shadowfactor wrote:
Welcome to the forums.

Usually product changes or product upgrades will keep the credit history. There are certain exceptions to this rule but I don’t believe those apply to this situation.

What are the exceptions based on? The respective individual or company? Assuming the later, but I'm looking at a PC on two 20 year old accounts so obviously don't want to learn the exceptions the hard way

Re: Will upgrade impact my AAOA?

Anonymous — Thu, 23 May 2019 15:54:35 GMT

Wells Fargo.

Product change will look like closing old account and opening new account on credit report.

Re: Will upgrade impact my AAOA?

K-in-Boston — Thu, 23 May 2019 16:13:41 GMT

Correct; most lenders will keep the entire history and either nothing at all will change with the reporting or the "new" card will just replace your existing one retaining all of its history. Never a bad idea to ask here about particular lenders, though. CapOne I can confirm that nothing at all changes in regard to product changes.

Re: Will upgrade impact my AAOA?

851 — Thu, 23 May 2019 17:05:40 GMT

Good to know. What about BofA and Chase? Do they maintain AAOA or reset?

@K-in Boston just looking at another thread where you said that co-branded Chase cannot be PC into Chase Freedome etc. Combining your feedback from these threads leads to a...

Nuanced question, can you PC a United Chase to another United Chase? eg - legacy product into say, United Explorer or Club Card?

without AAoA reset?

edit: I see you already replied here, but I also saw your reply in the other thread (linked here if anyone stumbles across this some day)

Re: Will upgrade impact my AAOA?

K-in-Boston — Thu, 23 May 2019 17:00:17 GMT

Bank of America and Chase both retain all account information with a product change.

Yes, you should be able to change between any of the 9 personal United credit cards, and there would be no change in the account age.

Re: Will upgrade impact my AAOA?

NaaryalHead — Thu, 23 May 2019 17:08:52 GMT

Others will confirm about cap one but for future readers going through this thread I can say about BofA and Citi PC or upgrades do not affect AAoA. The new cards after PC are reported as same old accounts from before.

Re: Will upgrade impact my AAOA?

K-in-Boston — Thu, 23 May 2019 20:20:22 GMT

@NaaryalHead wrote:
Others will confirm about cap one but for future readers going through this thread I can say about BofA and Citi PC or upgrades do not affect AAoA. The new cards after PC are reported as same old accounts from before.

Confirmed from my own experience: Amex, BoA, CapOne, Chase, Citi*, Discover. *Citi store cards that were acquired from other lenders (CapOne, HSBC) did appear as additional accounts with the original opening date, and the closed original lender cards stayed on until about 10 years after they were reported closed or transferred to new lender.

With both Synchrony Amazon and US Bank, after fraudulent transactions a new account with the original date was added to my reports and it took a month or two for the original one to be removed (or many months and a CFPB complaint to get the original one removed from my Experian report, but then they removed both and my Cash+ is still a hidden account on Experian a year later).

Re: Will upgrade impact my AAOA?

Anonymous — Tue, 28 May 2019 06:55:35 GMT

No upgrading your card will not effect your AAOA....