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how does age work.

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laryn41
Frequent Contributor

how does age work.

How does apping lessen your ages of cards.
 
For instance if my oldest card is from 2000?
Message 1 of 3
2 REPLIES 2
marty56
Super Contributor

Re: how does age work.

It doesnt unless you get the card.  I you have 1 CC that is 10 years old and you get a second one, then your average age goes from 10 years to 5.
1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 2 of 3
chartley3
Frequent Contributor

Re: how does age work.

When you get new credit it drops the average age. So if you have a credit card with 10 yrs of history and you open up a new card its going to drop your average history a little bit.
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