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SUBS and AOA

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Frequent Contributor

SUBS and AOA

So I'm looking to age my account and strategically get some sub's at same time.
I've opened 2 credit cards in May. So obviously I'll have to garden a bit more Just to assure approvals, since my oldest account (closed loan)is just 25 months I'm considered a young profile.
I have 15 total accounts so I've realized opening 1 line of credit only hurts my aaoa(10months) by less than 1 month.
Ok so if I applied in say November would this be enough time so underwriters would see my experience with my newest cards? Is getting approved for 1 cc every 6 months likely with my profile?

Currently I pretty much have my bases covered...low apr card 10.5%, cash back categories, 1of each visa, mc, amex, disco. etc
Cb cards food, Travel-AMEX gold, Gas, Cell phone bill AMEX SIMPLY$+
Disco- categories rotating
Amazon sc..
So I'm not looking to necessarily top these cb cards. Just subs for now.

My aaoa is my problem. I know I should garden forever then my scores will rise.
But I'd like to take advantage of my FICO score a Wich are all about 740 (no negatives)hopeful they will be 755+ in November.
br>Starting score520
Current Score: FICO 8- 730EX, 741TU, 729EQ, Mortgage- EX 671, EQ- 692, TU 691
Goal Score: 760 by (2/2020)
Buisness CC- Amex Simply $ Plus-6/26/19- 1300-Amex BBP-6000-8/6/19-
Personal Cc's
7/19 Citi rewards+-(wmc)5400
5/19-Amex rose Gold npsl(25000-pot), 5/18-1st Disco it- 2000 , 5/19-2nd Disco it- 2000
6/18-Dcu-3000-
12/18Amazon-6000-
Walmart-5000
2/19-Home depot- 2000-500SL increased to 2k day of app.
6/18-dcu2.74 Auto loan(re-fi a 25% apr auto loan)
Inquiries(scorable)-Ex-7,
Eq-3,
Tu-4
Goal score 800



Message 1 of 9
8 REPLIES 8
Senior Contributor

Re: SUBS and AOA

Most lenders will approve cards when your AAoA is greater than a year and six months is reasonable spacing between most apps — Chase, US Bank, Barclays, Capital One are some lenders that are known to have some x/24 policies on some or all of their cards so be mindful of those. 

70DD1A3B-9DE6-4CBB-A6D9-BA705BE22054.jpeg
Scores 1/2019:
Scores 8/2019:

Hover over my cards to see my limits!
Goal cards:
Message 2 of 9
Established Contributor

Re: SUBS and AOA

Subs are fun but, they're going to be mediocre if your AAOA is really under 1 year.  Most of your options will be limited by rules for churning that are in place.

https://www.reddit.com/r/churning/comments/67u9q0/guide_antichurning_rules/

 

When you knock out the major players like Chase 5/24, BOA, WF, Barclay's and so on you're left with the smaller regionals to deal with.  

 

The problem is with a ton of activity instead of being able to snag $505 on a CSP you'll have to take 2-3 or more cards to get to that same level with smaller lenders. It's not going to help your AAOA to grow further unless you can find a reason to actually keep them beyond the SUB.  The smaller cards fall short in comparison to the bigger banks when it comes to finding uses for them if you already have a decent arsenal for rewards.

 

Now is the time to be in "time out" and work on getting your existing CL's up.  Hitting those thresholds will help on the approvals as well instead of accumulating a ton of sub 5K CC's.  Even when you have some higher limit cards you can still get slapped with low CL's upon opening for a SUB.  My last round resulted in a spread from 10.5 K-25K w/o recon the highest was 21K from Regions and the highest was Uber after a phone call to 25K.  The 10.5K were BBT x 2 and they've been a bit of a pain to deal with.

500K+ TCL / 800+ FCOs
Message 3 of 9
Community Leader
Super Contributor

Re: SUBS and AOA

I think it's way too early for you to start chasing subs. One year AAoA is minuscule in credit age.

Dont shoot yourself in the wallet before you even start.

SUB chasing should be left to those who can afford AA, closures etc.
You're not there yet, and using lowest common denominator (maintaining one year AAoA) is really a poor strategy.

EX 754 EQ 773 TU 752
Message 4 of 9
Frequent Contributor

Re: SUBS and AOA

my strategy would never be to maintain one year of aaoa.
Right after this post ironically I did just receive my first real pre-approval for the citi diamond preferred card. Of course it has the highest APR 25%, and no bonus . I know like you guys said this is exactly why I should garden. I think you guys may have talked me into a full year of gardening f from my last app. I should have learned my lesson last year when I opened up a couple extra store cards that maybe I could have lived without. You are correct why continue to get mediocre credit limits when I could wait and receive a very nice one. Especially since I don't need the credit card. This is why I love this forum thanks again.
br>Starting score520
Current Score: FICO 8- 730EX, 741TU, 729EQ, Mortgage- EX 671, EQ- 692, TU 691
Goal Score: 760 by (2/2020)
Buisness CC- Amex Simply $ Plus-6/26/19- 1300-Amex BBP-6000-8/6/19-
Personal Cc's
7/19 Citi rewards+-(wmc)5400
5/19-Amex rose Gold npsl(25000-pot), 5/18-1st Disco it- 2000 , 5/19-2nd Disco it- 2000
6/18-Dcu-3000-
12/18Amazon-6000-
Walmart-5000
2/19-Home depot- 2000-500SL increased to 2k day of app.
6/18-dcu2.74 Auto loan(re-fi a 25% apr auto loan)
Inquiries(scorable)-Ex-7,
Eq-3,
Tu-4
Goal score 800



Message 5 of 9
Senior Contributor

Re: SUBS and AOA


@Remedios wrote:
I think it's way too early for you to start chasing subs. One year AAoA is minuscule in credit age.

Dont shoot yourself in the wallet before you even start.

SUB chasing should be left to those who can afford AA, closures etc.
You're not there yet, and using lowest common denominator (maintaining one year AAoA) is really a poor strategy.


OP never said they would be maintaining one year AAoA. OP is already at the point where each app drops AAoA by a month, spacing by 6 months is reasonable like I said and AAoA will still be going up. 

Better to get a thicker file when you’re younger than take big hits for it later. As long as apps are spaced by 6 months, no rules are being run afoul and AAoA is going up too. 

70DD1A3B-9DE6-4CBB-A6D9-BA705BE22054.jpeg
Scores 1/2019:
Scores 8/2019:

Hover over my cards to see my limits!
Goal cards:
Message 6 of 9
Frequent Contributor

Re: SUBS and AOA

So are you saying possible aa from my current and future credit cards may arise with one new credit card every 6 months? That is like saying if you are 5/24 (all 5 approvals) or more you could see adverse action from most Banks.
I'm not trying to be rude or anything I am just trying to understand. I have heard a lot about barclaycard's being taken awayfor opening too many credit cards after approval. And a few other Banks.
The way I look at it is I will not be getting a house for at least 3 years so why not seed my garden now or in the near future I should say. While my aaoa will grow at least 10 months per year. So in three years even if I got six cards spaced out 6 months my aaoa would only be affected by less than 6 months.
I am a bit confused because from what I understood Spacing applications out by 6 months is a good strategy.
The last thing I want is AA but honestly if one card got shut down I wouldn't be that concerned
br>Starting score520
Current Score: FICO 8- 730EX, 741TU, 729EQ, Mortgage- EX 671, EQ- 692, TU 691
Goal Score: 760 by (2/2020)
Buisness CC- Amex Simply $ Plus-6/26/19- 1300-Amex BBP-6000-8/6/19-
Personal Cc's
7/19 Citi rewards+-(wmc)5400
5/19-Amex rose Gold npsl(25000-pot), 5/18-1st Disco it- 2000 , 5/19-2nd Disco it- 2000
6/18-Dcu-3000-
12/18Amazon-6000-
Walmart-5000
2/19-Home depot- 2000-500SL increased to 2k day of app.
6/18-dcu2.74 Auto loan(re-fi a 25% apr auto loan)
Inquiries(scorable)-Ex-7,
Eq-3,
Tu-4
Goal score 800



Message 7 of 9
Senior Contributor

Re: SUBS and AOA


@dtk6802 wrote:
So are you saying possible aa from my current and future credit cards may arise with one new credit card every 6 months? That is like saying if you are 5/24 (all 5 approvals) or more you could see adverse action from most Banks.
I'm not trying to be rude or anything I am just trying to understand. I have heard a lot about barclaycard's being taken awayfor opening too many credit cards after approval. And a few other Banks.
The way I look at it is I will not be getting a house for at least 3 years so why not seed my garden now or in the near future I should say. While my aaoa will grow at least 10 months per year. So in three years even if I got six cards spaced out 6 months my aaoa would only be affected by less than 6 months.
I am a bit confused because from what I understood Spacing applications out by 6 months is a good strategy.
The last thing I want is AA but honestly if one card got shut down I wouldn't be that concerned

I highly doubt that AA will arise from one card every 6 months. That’s 4/24 and is by most standards very reasonable, especially since your AAoA would still be going up with each account you add given that your profile is thick enough that adding a new account isn’t costing you much in AAoA. 

70DD1A3B-9DE6-4CBB-A6D9-BA705BE22054.jpeg
Scores 1/2019:
Scores 8/2019:

Hover over my cards to see my limits!
Goal cards:
Message 8 of 9
Frequent Contributor

Re: SUBS and AOA

I have 9 open and 5 closed accounts (3 loans 2 cc) on my reports. The last two credit cards I opened in May reduced my age by less than 2 months. One month for each card.
I'm thinking of going with amex cards for subs simply because they offer good ones and it is no hard pull. On the other hand it is nice to diversify my credit profile with other Banks I guess..
br>Starting score520
Current Score: FICO 8- 730EX, 741TU, 729EQ, Mortgage- EX 671, EQ- 692, TU 691
Goal Score: 760 by (2/2020)
Buisness CC- Amex Simply $ Plus-6/26/19- 1300-Amex BBP-6000-8/6/19-
Personal Cc's
7/19 Citi rewards+-(wmc)5400
5/19-Amex rose Gold npsl(25000-pot), 5/18-1st Disco it- 2000 , 5/19-2nd Disco it- 2000
6/18-Dcu-3000-
12/18Amazon-6000-
Walmart-5000
2/19-Home depot- 2000-500SL increased to 2k day of app.
6/18-dcu2.74 Auto loan(re-fi a 25% apr auto loan)
Inquiries(scorable)-Ex-7,
Eq-3,
Tu-4
Goal score 800



Message 9 of 9
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