If we're talking about FICO, oldest would usually be your oldest *open* line, however, all TLs, whether open or closed, or factored into AAoA and scoring metrics.
That said, age of oldest account shouldn't really have any bearing in determining limits. That's more driven by income, current debt/DTI, and possibly existing limits on other accounts.
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@leo187um wrote:Does student loan debt outstanding have any adverse effect on credit card applications? I don't have any repayments yet so my debt income is very low and the installment loans help my score overall but how do underwriters look at this?
Depending on the lender, they may factor your student loan payment into your DTI using their own formula and not whatever your actual payment is. This despite the fact that they're in forbearance.
@leo187um wrote:When applying for credit cards, I often hear that the oldest reported tradeline should be 1.5 or 2 years, to get high limit funding. Does this mean open tradeline or closed tradeline (oldest open credit card acct is 1.3 years, but oldest closed is 2.5 years).
Oldest reported tradeline includes both open accounts and closed accounts which continue to appear in your credit reports. So your oldest is 2.5 years.
I don't know where the 1.5 to 2 year thing you're talking about comes from.
