Capitol one AAoA AU question

[Anonymous]

Not sure if this post should go here or personal finance. But this looks like it fits better

Hello Everyone

This is my second post and my first one gave me a lot of great information. So I am in the process of paying down some C.C. debt I have a plan in place and should be done around July.

I am wanting to try and get my FICO scores up in the mean time. My dad has a Cap1 venture card with a 11k limit 0 balance/ 0utilization reporting each month. It has about an 18 month history. This should help with my utilization overall as well as my AAoA. My current average age of account is 2 years 9 months, my oldest card being 5 years old. Cap1 should back date since we are father/son.

My question is does anyone have a rough estimate on what it should do to my scores both for utilization and AAoA and when should Cap1 begin reporting on it.

Currently sitting at 80% utilization over all 14,600/18,100

Thank you

Current
Eq:586
TU:595
Ex: 583

[CreditCuriosity]

@Anonymous I removed your post in the Credit Card section as cross posting is against the forums TOS.  Please try to avoid this in the future.  Someone will hopefully answer your question shortly.  Thanks for understanding.

-CC

myFICO Moderator

[Anonymous]

It will give you a decent bump in utilization for crossing over 2 thresholds, 68.8% and 48.9% (actually 50% but assuming you can bring it down below 48.9% yourself), I would guesstimate about 15ish points for each threshold. You will see a drop in AAoA being that the card is only 18 months old, how much depends on how thick your own profile is but nothing too significant.