Credit History Length Question

[Beast26]

My revolving history with credit cards will reach the year mark on August 28, 2020.  When I look at my credit history on Experian, or myfico my history always age a month in advanced.  For example I started my revolving history in August 28, 2019.  But every month on the 1st It automatically rounds up my history length by a month ahead.  On August 1, 2020 my credit history will say it has reached 1 year even though it won't actually be at the year mark until the 28th of August. 

I'm asking this technical question because I'm wondering if I could get a chase card on August 1st since technically the credit websites will round up my revolving history to 1 year old?

[Anonymous]

That's a bureau decision. Experian chooses to date an account by the first day of the month it is opened. If you open a card July 1, on August 1 it will reflect as a month old. If you open it July 31, on August 1 it will reflect as a month old. It's just how they do things.

As for whether you can play that angle toward an in with banks, maybe. Chase almost always double-pulls, using EQ as a secondary bureau, and especially on a young/thin profile, so if the year of history is important enough to them, your EQ timeline will undo the attempt. 

Getting a card from Chase is usually a little more involved than just hitting that year mark. A lot will depend on your overall profile and which card you are trying to get.

[Beast26]

From Chase I only have my eyes on the Amazon Prime Visa Signature.  That's the only card I want from them.

[patoot10]

I've seen a lot of people getting burned by the mythical "Start applying for your first chase card once you hit the 1 year mark", I would recommend dragging this application as long as you can.

[Anonymous]

Chase is very unlikely to be the first lender to give you the required $5000 CL for a Signature card. They usually let someone else do it first and see how you handle it. Just keep that in mind.

[Beast26]

So about how long should I wait to apply for the Amazon visa?  Right now I have 3 cards

Opensky $200

Quicksilver $500

Fingerhut card $500

My capital one will be eligible for CLI in September and I use it heavy. 

I'll reach a year credit history in August

[wasCB14]

Pulls may vary by geography. In 6 credit requests (5 applications and one CLI) in NY and CA I've gotten 6 EX HPs and 1 on TU. The TU was a NY CLI. But I know some others get EQ pulled.

I wouldn't challenge the idea of "one year". Wait a bit for a proper year.

YMMV though on how much history you need. I got a Freedom as my first credit of any kind, but I was a Chase checking/savings customer and the SL was only $600. I got a $7500 CSP at 14 months.

[Beast26]

Did u get an auto CLI on your chase card?

[wasCB14]

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@Beast26 wrote:

Did u get an auto CLI on your chase card?

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No. I took the TU/EX HP at around 8 or 9 months. I requested a new CL of $3000 and got a new CL of $2000, which matched the SL on my then ~4 month old Discover.

I've never gotten an auto CLI on any of my Chase cards, but I have gotten several additional cards without closing any or taking a CLD. My last one was a $20k CSR in 2018.

[Beast26]

For a better starting line should I apply for the Amazon visa only after I've built a different card to a $5000+ credit line?