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hi ohboy,
I called Amex customer service to ask about backdating my old account and was told that while they do recognize members by their original membership date, it is just a 'vanity plate' on the card but it does not impact the length of history reported to credit agencies. How disappointing!
I was wondering what happened with your account and length of credit history?
@mazinaige wrote:hi ohboy,
I called Amex customer service to ask about backdating my old account and was told that while they do recognize members by their original membership date, it is just a 'vanity plate' on the card but it does not impact the length of history reported to credit agencies. How disappointing!
when amex resurrects the old acct. and reports, the 'acct. opened' date on cbr (of all amex accts.) actually changes to the older acct. date, this can prompt:
1. a change in age of oldest acct.
2. a change in aaoa
3. rebucketing
how these and/or other factors in your cbr combine to impact your scores varies.
my score increased somewhere between 15-35 points upon amex reviving my old acct. info and reporting the older account date.
score_building wrote:
when amex resurrects the old acct. and reports, the 'acct. opened' date on cbr (of all amex accts.) actually changes to the older acct. date, this can prompt:
1. a change in age of oldest acct.
2. a change in aaoa
3. rebucketing
Hello, What does "aaoa" mean?
ocheosa wrote:
Hello, What does "aaoa" mean?
Hi ocheosa,
aaoa = average age of accounts. you've seen it listed in the 'Understanding Your Fico Score' (section 2) when you view your myfico report. rating ranges from 'bad' to 'great'. here's my TU 'Understanding Your Fico Score' section before the update:
You have an established credit history.
Your oldest account was opened 18 Years, 3 Months ago. FICO High Achievers opened their oldest account 19 years ago, on average.
Average age of your accounts
4 years. Most FICO High Achievers have an average age of accounts between 6 and 12 years.
Your FICO score measures the age of your oldest account and the average age of your accounts. Your FICO score was helped because you have a relatively long credit history and you haven't recently opened many new accounts.
Hello score_building,
Got it, Thank you!