Amex Green Card-dropped my score 15 points/

[Trailmix123]

I read it and age of youngest account does not really matter as long as you have a good average age of accounts or length of time for all accounts. When I check it was a little over 3 years, average length of credit history, the green card droped it a month. Nothing to justify a 15 point drop. Actaully there was a point in time when I opened up cards back to back lowering my average length of credit and it did not drop  a point. So I don't think it's that. I'll just see happens in the next two months.

[Anonymous]

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@Trailmix123 wrote:

I read it and age of youngest account does not really matter as long as you have a good average age of accounts or length of time for all accounts. When I check it was a little over 3 years, average length of credit history, the green card droped it a month. Nothing to justify a 15 point drop. Actaully there was a point in time when I opened up cards back to back lowering my average length of credit and it did not drop  a point. So I don't think it's that. I'll just see happens in the next two months.

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If you are going to post here and ask for advice, you should open your mind and try to listen when it's given instead of applying your own misconceptions (there are many reading your posts here and on other threads). Age of youngest account (AoYA) does matter even if your average age of account (AAoA) is 1000 years old. When your AoYA was 1 year+ and you reset it to 0 month with a new account, it carries a penalty that is about 20 points on average, which accounts for your 15 point loss.

[Anonymous]

OP, please read OMs post above, as it's the 3rd time he's suggested that your AoYA drop is the reason for your score drop. You still have not answered his question as to when you last account before this Amex account was opened. If the answer is > 12 months then he is 100% correct in why your score dropped.

[Trailmix123]

And once again I have opened up cards before and in your own little explination ''resetting'' the yougest to zero making the score dropped but it never did. I have been in this same situation and it never dropped my score, not one point. My car I financed because did because of the big ol balance it put on report but that eneded up going back to normal after the first payment. Explain what you want but I don't believe your answer or solution. Don't go getting mad because some one disagrees with you....kind of petty and childish.

On another note, don't be lazy and abbreviate with your ''AoYA'' and what not.

[Anonymous]

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@Trailmix123 wrote:

And once again I have opened up cards before and in your own little explination ''resetting'' the yougest to zero making the score dropped but it never did. I have been in this same situation and it never dropped my score, not one point. My car I financed because did because of the big ol balance it put on report but that eneded up going back to normal after the first payment. Explain what you want but I don't believe your answer or solution. Don't go getting mad because some one disagrees with you....kind of petty and childish.

On another note, don't be lazy and abbreviate with your ''AoYA'' and what not.

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[Jnbmom]

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@Trailmix123 wrote:

And once again I have opened up cards before and in your own little explination ''resetting'' the yougest to zero making the score dropped but it never did. I have been in this same situation and it never dropped my score, not one point. My car I financed because did because of the big ol balance it put on report but that eneded up going back to normal after the first payment. Explain what you want but I don't believe your answer or solution. Don't go getting mad because some one disagrees with you....kind of petty and childish.

On another note, don't be lazy and abbreviate with your ''AoYA'' and what not.

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Wow members have given you their advice and explanations you just seem to not what to hear it or believe it,  which is your choice based on your own experiences of course. But childish and petty goes both ways. 

[kilroy8]

Hi.

It is well documented with data points on this board that Fico 8's will drop if you have an account that is 3 months or less in age. People are asking what score you are using so that they know what data to use.

[Pikaboo-icu]

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@Trailmix123 wrote:

And once again I have opened up cards before and in your own little explination ''resetting'' the yougest to zero making the score dropped but it never did. I have been in this same situation and it never dropped my score, not one point. My car I financed because did because of the big ol balance it put on report but that eneded up going back to normal after the first payment. Explain what you want but I don't believe your answer or solution. Don't go getting mad because some one disagrees with you....kind of petty and childish.

On another note, don't be lazy and abbreviate with your ''AoYA'' and what not.

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It's not anger, 'tis frustration.

The abbreviations are commonly used all over this site, there's actually a thread defining them.

Perhaps you didn't see a score drop in a similar situation is because there was an alternate factor raising your score, cancelling the drop.

It is well documented that opening a new account & lower the youngest acct age, results in a drop.

That said; advice offered can be ignored & discounted if you choose but try to keep it friendly and avoid personal jabs..

Thems the rules.. 

Have a grand day. 

[Anonymous]

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@Trailmix123And once again I have opened up cards before and in your own little explination ''resetting'' the yougest to zero making the score dropped but it never did. I have been in this same situation and it never dropped my score, not one point. My car I financed because did because of the big ol balance it put on report but that eneded up going back to normal after the first payment. Explain what you want but I don't believe your answer or solution. Don't go getting mad because some one disagrees with you....kind of petty and childish.

On another note, don't be lazy and abbreviate with your ''AoYA'' and what not.

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Once again, you have not answered the question posed 4 times now as to what the age of your youngest account (no abbreviation) was before opening this new account.  There's nothing to "disagree" with here, as the information that OM provided you and that I cosign is factual.  A drop in age from your youngest account from something greater than 12 months to 0 months WILL impose a scoring penalty.  That is not open for debate.  How much the penalty is can vary from profile to profile, but 15-20 points is a good ballpark average.

If you're saying that you've opened new accounts in the past and have not seen this score drop, that's because you opened another account within the 11 months prior.  Under those circumstances it's completely possible that your score wouldn't drop.  Which brings us back to the same question again that you've been asked many times.  If you'd like any further feedback or advice, please start by answering it.

[Trailmix123]

Just because you say your explination is factual does not mean its factual and that one can't disagree with you two. Show me hard proof from the credit reporting agencies of what you are saying is true then I'll submit and get off my soap opera. I can tell you stuff all day long and say its factual but you have every right to disagree even if I say "theres nothing to disagree with" such as you put it.
Now my youngest is 8 months old it's a Citi card. So resting that to zero dropped me 15 points? Why would adding a new card affect the previous? Credit history still takes into affect over all length. Adding a new card does not cancel out the previous cards history it merely affects over all length and in this case it did only by 1 months.