How much will my AAoA decrease and what affect will it have on my score
My AAoA is 10.2 years and my oldest card is 20 years old. I received 2 new cards in September that are already reporting and have already been factored into my AAoA. If I applied (and was approved) for a new card, how would it affect my Fico score?
Re: How much will my AAoA decrease and what affect will it have on my score
Depending on the number of accounts you have the Aaoa's hit will vary but with 10+ years I don't think it would any. The app though will probably be two to seven points I would imagine. All of this depends on you credit profile as no two are the same. These point drops will be easily recouped in a matter of two or three months.
