@Anonymous wrote:
Thanks a lot!
I thought it would have been better for Chase to see another card with a "high" CL in order to get a "high" CL on the CSP. But with your suggestion this will the impact on my AAoA, as only the CSP will report as a new acount (for AAoA purpose).
You're probably right for the Hard Inquiry, I have the impression that the past 6 months have a "huge influence", then the past year, and when it's between one and two year it still counts but almost for nothing.
On HP: what is "public" is that the FICO *score* isn't impacted by HPs older than a year, and that the impact is reduced during that year (though exactly how and when it declines isn't public). But 6 months seems to match many people's experience.
Then the HP stays on the record for two years, so it is available for a lender to see. Many apparently don't really bother with older ones, and many ignore those older than 6 months. But you could of course run into a lender who does care!
When I recently refinanced, I had a new inquiry from about 6 weeks earlier for a new card. I just had to write a statement, stating whether I had received a new line of credit from the Inquiry, and if so how much and what conditions. and why I applied. I think the new potential minimum payment was then added in to the DTI ratio, but there were no problems. But others have reported more lender pushback.
