Discover Card-Can changing account types hurt FICO?

[Anonymous]

I have a Discover More card and decided that I want to have the Miles card since I started traveling more lately. They said they will give me a new account number. Does that mean I will lose the history on the current account. One of the negatives on my credit reports is always the length of credit history but I can't change my age.This is my oldest account and don't want to lose those 8 years and have to start over. Should I wait until I buy a house this fall then switch the accounts over?

[Anonymous]

I would ask them directly if this is a pure "prodct change" or will be a new account,

Big diffrence between "New account number" (that can be changed internally at discover and the cra's) and "New account"

---

HennyLo wrote:

I have a Discover More card and decided that I want to have the Miles card since I started traveling more lately. They said they will give me a new account number. Does that mean I will lose the history on the current account. One of the negatives on my credit reports is always the length of credit history but I can't change my age.This is my oldest account and don't want to lose those 8 years and have to start over. Should I wait until I buy a house this fall then switch the accounts over?

---

[athensguy]

I don't know if it applies for the More to Miles change, but the More to Open Road product change I did kept the account history intact. Sadly, they then wimped the Open Road rewards.

[MidnightVoice]

---

Timothy wrote:

I would ask them directly if this is a pure "prodct change" or will be a new account,

Big diffrence between "New account number" (that can be changed internally at discover and the cra's) and "New account"

---

And ask several times - I got caught at my CU, so I got a new account with history transferred over, whcih is pretty much like a new account with no history

Message Edited by MidnightVoice on 04-11-2008 09:32 AM

[haulingthescoreup]

---

@Anonymous wrote:

I have a Discover More card and decided that I want to have the Miles card since I started traveling more lately. They said they will give me a new account number. Does that mean I will lose the history on the current account. One of the negatives on my credit reports is always the length of credit history but I can't change my age. This is my oldest account and don't want to lose those 8 years and have to start over. Should I wait until I buy a house this fall then switch the accounts over?

---

Since this could potentially mess with your mortgage rates, if there isn't some overwhelming reason to change, I might hold off. You wouldn't be the first person to be told that everything would be fine, and it wasn't. Although Discover does seem to have a better grasp of how to do things right.

[Creditaddict]

When I product changed Chase card to Starbucks they issued new account number but everything including 3 year history changes over. I think they issue new account numbers because they don't want you using 2 different cards, they would have no way of turning old card off if they didn't change the numbers