Another CLI from Chase and Still no Card Offers. :-)

[ThomasJNewton]

Got my Chase United Quest Card last May with a $14,500 starting credit line. Never hit the limit (although I got a bit over $10,000) and have yet to pay interest on the card, but last month or the month before, I get an unrequested credit line increase to $17,000. Today I got an email saying I should check my card's new credit line, and I assumed they were talking about my last one, but no, I got another $2,000+ increase (now over $19,000).

I was amused that despite the new creidt, they still are not offering me a pre-approved card. I doubt I will get a Chase card (even if offered), until after one or two of the others I want (Apple Card, Vantage West and maybe CapOne Venture X). 

I am curious which is more important toward one's FICO score: Age of Oldest Account or Average Age of Accounts?

My old account is 9 years on Thursday, while my second card (my Chase United Quest) is about 8 months. Adding new cards will lower my AAoA, but will also give me more credit and get me to at least three of my own cards (I remember reading that three cards was important).

[SouthJamaica]

---

@ThomasJNewton wrote:

Got my Chase United Quest Card last May with a $14,500 starting credit line. Never hit the limit (although I got a bit over $10,000) and have yet to pay interest on the card, but last month or the month before, I get an unrequested credit line increase to $17,000. Today I got an email saying I should check my card's new credit line, and I assumed they were talking about my last one, but no, I got another $2,000+ increase (now over $19,000).

I was amused that despite the new creidt, they still are not offering me a pre-approved card. I doubt I will get a Chase card (even if offered), until after one or two of the others I want (Apple Card, Vantage West and maybe CapOne Venture X). 

I am curious which is more important toward one's FICO score: Age of Oldest Account or Average Age of Accounts?

My old account is 9 years on Thursday, while my second card (my Chase United Quest) is about 8 months. Adding new cards will lower my AAoA, but will also give me more credit and get me to at least three of my own cards (I remember reading that three cards was important).

---

To my mind it doesn't really matter which is more important toward one's FICO scores, since one is fixed, while one is a variable. So you might as well focus on the variable.  Also, the 2 metrics are not really comparable, since AoOA is merely a scorecard determinant. In your case you are probably on the highest scorecard in terms of AoOA.

IMHO the only importance that attaches to having 3, as opposed to 2, cards, is that it gives you the opportunity to have 2 out of 3 cards reporting zero balances, which can be helpful.

But in your case, since you only have Chase cards at the moment, I definitely think it would be wise to branch out and add another lender to the mix, regardless of score effects. I don't think it's great to have all of one's eggs in one basket.

[youngandcreditwrthy]

I dont think the age of your oldest account is factored directly into your scores.

its the average age that gets factored directly (obviously the oldest account has an impact on the average)

Just because you are not getting pre approvals doen't mean you wouldn't be approved for another chase card btw. clearly they like how you are using the card. 

I dont think I've ever had a pre approval on a Chase card and I've been approved for many. one on recon( og chase freedom 5k 655 fico). one in the bank(CSP 6k 690 fico), and one instantly online(marriott pr 25k 690 fico). 

Since you;ve handled this account so well, I'm sure you're a shoe in for another. Chase likes "loyal" custoemrs.

[NoMoreE46]

Looking outside of Chase for your 3rd  card is the better way to go.

I ain't interested in any more Chase cards other than my Prime card.

Had a CLI from $6,000 to  $20,800 but I don't get any of those starred offers either.

[ThomasJNewton]

---

@SouthJamaica wrote:

To my mind it doesn't really matter which is more important toward one's FICO scores, since one is fixed, while one is a variable. So you might as well focus on the variable.  Also, the 2 metrics are not really comparable, since AoOA is merely a scorecard determinant. In your case you are probably on the highest scorecard in terms of AoOA.

That makes sense. What I was considering was should I let my oldest account get older before I apply for a new card, but if 9 years is above the cut off after which it does not matter any more, I will not worry about it.

IMHO the only importance that attaches to having 3, as opposed to 2, cards, is that it gives you the opportunity to have 2 out of 3 cards reporting zero balances, which can be helpful.

Got it. Thought there were several benefits that having 3 cards triggered, not just the one.

But in your case, since you only have Chase cards at the moment, I definitely think it would be wise to branch out and add another lender to the mix, regardless of score effects. I don't think it's great to have all of one's eggs in one basket.

I have two cards (in my own name) and two issuers: Navy Federal and Chase. My next card is unlikely to be from Chase (I am trying to decide among an Apple Card, CapOne's Venture X, and Vantage West's Signature card). I am likely to purchase a new Mac Pro when they get released (likely either March or June). At around $12,000 at the high end, 3% is reasonable chunk of money. It is reasonably likely that I will start traveling again this year, and that is my interest in the Venture X. The Vantage West card would be for CostCo, so I need to look at how much we spend there to see how much it is worth.

[NoMoreE46]

---

@ThomasJNewton wrote:

---

@SouthJamaica wrote:

To my mind it doesn't really matter which is more important toward one's FICO scores, since one is fixed, while one is a variable. So you might as well focus on the variable.  Also, the 2 metrics are not really comparable, since AoOA is merely a scorecard determinant. In your case you are probably on the highest scorecard in terms of AoOA.

That makes sense. What I was considering was should I let my oldest account get older before I apply for a new card, but if 9 years is above the cut off after which it does not matter any more, I will not worry about it.

IMHO the only importance that attaches to having 3, as opposed to 2, cards, is that it gives you the opportunity to have 2 out of 3 cards reporting zero balances, which can be helpful.

Got it. Thought there were several benefits that having 3 cards triggered, not just the one.

But in your case, since you only have Chase cards at the moment, I definitely think it would be wise to branch out and add another lender to the mix, regardless of score effects. I don't think it's great to have all of one's eggs in one basket.

I have two cards (in my own name) and two issuers: Navy Federal and Chase. My next card is unlikely to be from Chase (I am trying to decide among an Apple Card, CapOne's Venture X, and Vantage West's Signature card). I am likely to purchase a new Mac Pro when they get released (likely either March or June). At around $12,000 at the high end, 3% is reasonable chunk of money. It is reasonably likely that I will start traveling again this year, and that is my interest in the Venture X. The Vantage West card would be for CostCo, so I need to look at how much we spend there to see how much it is worth.

---

$12000 is a big ticket.  The VenX SUB is $750 now and of course better than the ~ $360  you would get back from the Apple Card with no SUB.

[SouthJamaica]

---

@ThomasJNewton wrote:

.... I have two cards (in my own name) and two issuers: Navy Federal and Chase.....

---

Sorry, I misinterpreted. But still I think it would be good to get your 3rd card from someone else, in the interest of diversification.

[ThomasJNewton]

---

@SouthJamaica wrote:

---

---

Sorry, I misinterpreted. But still I think it would be good to get your 3rd card from someone else, in the interest of diversification.

---

I am insulted that you do not remember every post I have made since joining. :-)

I was not planning to get another Chase card as you and others has pointed out the benefits of having three different issuers for my core cards. I was mostly amused that I have not been offered other cards, rather than be concerned that I was not going to get them.

What I realized was that my original reason for getting an Apple Card was that my B/F's Apple Card had not had a high enough limit for us to purchase one or two new Mac Pro/Mac Studio systems when they got released. As it turns out, he got an auto CLI and is now over $12K, so that is not needed any more. 

That means that I should be able to get a Venture X and a Vantage West over the next 12 months and still have an open slot for a new Chase card. My BF's Apple Card is 1 year 2 months old that means that in 10 months or so, I will have that drop off my new cards and I will have one more open slot.

Not a terrible position, even if Chase never pre-approves me. :-)