How much does AAoA matter for Penfed, Capital One and Discover

[Anonymous]

I am in garden and was tempted to apply for Macy’s (I know it’s stupid to compromise for just $300 limit) Now my AAoA is 1 yr and 6 months. Scores are up in 700’s. Planning to apply for Penfed, Cap 1 and Discover.

Is it wise to let the cards age or go for App spree?

[Anonymous]

I am curious as to how many inquries you have on each bureau. Even with good scores, you can still be denied or be given a low SL if you have a lot of credit inquries.

[Anonymous]

Agreeed a billipn times fico 9 798 with penfed still denied multiple times looks like our stats r close

[Anonymous]

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@Anonymous wrote:
I am in garden and was tempted to apply for Macy’s (I know it’s stupid to compromise for just $300 limit) Now my AAoA is 1 yr and 6 months. Scores are up in 700’s. Planning to apply for Penfed, Cap 1 and Discover.

Is it wise to let the cards age or go for App spree?

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Like others have said, it's a question of inqs. Are you preapproved on Disco or Cap1? (Preapproved as in a single APR or three percent range, not marketing)

[Anonymous]

I am getting discover preapproval mailers. But I did not pay much attention to APR last time. Will check this time.

I have 14 hard enquries on TU and 16 on EF.

[Anonymous]

Infanct, today I got mail from BoA about balance Transfer. I also got another mailer from Lending club with Milage points from United offer. Looks like all the lenders think I am still carrying balances and they are trying to get personal loan from them. I may have to wait for couple of months before I stop receiving these mailers.

[Anonymous]

Penfed cares very much about aaoa. If you have a thin or short file (few open accounts and all less than 1yr) you might want to start with a checking and build good history

[AverageJoesCredit]

If a store card like Macys fits your spend dont dismiss them so easy. It is one of the fastest growing store cards out there. I started out at $300 and am 20k + in about 2 years with very little usage. Just a thought

[Pikaboo-icu]

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@AverageJoesCredit wrote:
If a store card like Macys fits your spend dont dismiss them so easy. It is one of the fastest growing store cards out there. I started out at $300 and am 20k + in about 2 years with very little usage. Just a thought

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I've bounced back & forth on getting Macys.. I could get into big trouble there... 

Nice to see you notsoAverageJoe.

To the OP; My AAOA was pretty low, perhaps 1.5 years or so when I apped & was approved. 

I think PenFed considers a lot of things in their decisions. 

[AverageJoesCredit]

Lol, hey Pika

Macys/DSNB is off their gourd. I thought Sync was giving but Macys makes them look like Penfed lol.