AAoA is 1 year, when should I apply for a second credit card?

[Anonymous]

But also, do you know how this will affect my AAoA? Will it cut it in half if I get approved? (Assuming they would average my Discover account and my new account together) or does it not work that way?

[Anonymous]

That is exactly how AAoA works. Add up all the time your lines have been open, then divide by the number of lines reporting. Once you start closing accounts, they will stay on the report for 10 years in most circumstances. These lines count towards your AAoA as long as they report.

I wouldn't be totally shocked if you got a lower SL from Chase than your current Discover line; you may even find yourself looking at a $500 approval. Predicting the exact line is a fools errand for thin profiles. Regardless, the Freedom line I opened just over three years ago currently has a CL more than 20x the SL. A low start doesn't mean you're stuck there forever. Chase is a great bank to get credit with, so I'd go ahead and get started in your position.

[Anonymous]

If that CC you have now is your only account on your credit report, yes AAoA would be cut in half. If you have another account like an installment loan, it would be cut by 1/3, etc.

I'd recommend applying in branch for the freedom card. If you hit any snags you'll be in a better place with chase by your side.

[Anonymous]

So since my AAoA will be cut in half, do you imagine that my credit score will drop? Maybe a few points, anything significant?

As of now I'm at 11 months so once I hit 12 months (a full year) I think I'll apply for the Chase FU card!

[Anonymous]

Are there any advantages to applying for the card in branch? Am I more likely to get approved do you think?

Thanks

[Total80sKid]

This is where YMMV comes in.

I see a lot of love here for Chase.

I've banked with them for 7yrs. They gave me a Freedom card 2yrs ago with a $500 limit and I have not received one increase.

Even waisted a HP a couple months ago.

Now I have an AMEX that started me 2x as much as Chase and have a probability to grow far more than Chase.

[Anonymous]

Also, if pre-qual online told me they were not able to process a pre approval because I had somehow opted out, will the branch tell me the exact same thing if I try to apply in branch?

[Anonymous]

Well I believe that's discover by FAR has the best customer service, experienced personally myself and just from reviews. Chase seems to be the only one with customer service reviews in par wkrh discover. Amex seems like a runner up but I've also ready quite a few horror stories with them which makes me feel like I should just stick to Chase because I've banked with them without any problems for years.

[Total80sKid]

I've never had to call Chase CS except for the one time I did the CLI request.

I must say she was very delightful.

I had 4 baddies on EX which they pulled, but are now gone. I will most likely apply for the Chase FU in a few months and then convert the Freedom over.

[Anonymous]

Do you still have a $500 limit on your Chase card?