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Please chime in on AAOA

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myjourney
Super Contributor

Please chime in on AAOA

I was always under the impression that AAOA meant: 

 

AAoA is the sum of the ages of every account on your report, whether open or closed, divided by the number of accounts.

True or false? 

Thanks All Smiley Happy

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Please chime in on AAOA

I think we're running into some confusion between average age of accounts and average age of open accounts. Your math is correct however.

Message 2 of 3
myjourney
Super Contributor

Re: Please chime in on AAOA



@Anonymous wrote:

I think we're running into some confusion between average age of accounts and average age of open accounts. Your math is correct however.


Thank you I just want to make sure everyone understands Smiley Happy

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 3
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