FNBO closed tradeline and started another for lost card?

[BuckyB]

About 6 months ago I left my year-old FNBO Getaway card somewhere.  Called them up to report it missing.  They said they'd replace it.  They did.  However, they marked that tradeline as closed with "lost/stolen card" as the reason and opened a completely new tradeline with a new account number, aged to the date of the previous tradeline.  That is, they marked the opening date not as the date of reissue but as the same date as the original card's.  The original tradeline still appears on my CRs as a closed account.

A month ago, there was fraud on my Capital One Savor card.  They cancelled the card and reissued a new one.  However, they simply changed the account number on the tradeline.

Does the closed FNBO account count against my AAoA?  Are they known for issuing completely new tradelines for lost cards?  Will the second account count against Chase 5/24?  Seems pretty weird to me when they could just change the account number like Capital One did.

If, in fact, it counts as a brand new tradeline with an age equal to that of the original tradeline, it seems like that could be hacked like crazy.  Specifically, if someone had a long, say, 12-year history with his FNBO card, he could just keep "losing" the card and they would open tradeline after tradeline, all of which would date back 12+ years to the opening of the original account.  He could totally pad out his AAoA with dozens of pre-aged new tradelines just by continually "losing" his card.

[Horseshoez]

@BuckyB, you're overthinking it; both approaches are common and neither will be held as marks against your profile. 

[BuckyB]

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@Horseshoez wrote:

@BuckyB, you're overthinking it; both approaches are common and neither will be held as marks against your profile. 

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Ok, so even though the original tradeline is still on my credit report and marked as "closed," it does not count as a closed account for AAoA?  The notation "lost/stolen card" removes it completely from the FICO and Vantage scoring models?

[Horseshoez]

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@BuckyB wrote:

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@Horseshoez wrote:

@BuckyB, you're overthinking it; both approaches are common and neither will be held as marks against your profile. 

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Ok, so even though the original tradeline is still on my credit report and marked as "closed," it does not count as a closed account for AAoA?  The notation "lost/stolen card" removes it completely from the FICO and Vantage scoring models?

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I honestly don't know about Vantage as those scores are basically irrelevant and I pay zero attention to them.  I've had a few cards either physically stolen or used fraudulently by an unscrupulous employee of somewhere I've shopped/eaten over the years and it never once impacted my FICO scores.

[BuckyB]

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@Horseshoez wrote:

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I've had a few cards either physically stolen or used fraudulently by an unscrupulous employee of somewhere I've shopped/eaten over the years and it never once impacted my FICO scores.

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Ok, and do those compromised cards show as separate closed accounts on your credit reports?

[Horseshoez]

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@BuckyB wrote:

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@Horseshoez wrote:

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I've had a few cards either physically stolen or used fraudulently by an unscrupulous employee of somewhere I've shopped/eaten over the years and it never once impacted my FICO scores.

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Ok, and do those compromised cards show as separate closed accounts on your credit reports?

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One does, two do not.

[Anonymous]

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@BuckyB wrote:

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@Horseshoez wrote:

@BuckyB, you're overthinking it; both approaches are common and neither will be held as marks against your profile. 

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Ok, so even though the original tradeline is still on my credit report and marked as "closed," it does not count as a closed account for AAoA?  The notation "lost/stolen card" removes it completely from the FICO and Vantage scoring models?

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Notations like this don't impact score.  In answer to your point about hacking the system, these remarks are of course on the credit report, so on manual review, a potential lender might notice this strange behavior and  decline eitherbecause they understand it's score hacking, or because they don't want a customer so prone to being parted with the credit card.

I don't think it's necessarily overthinking.  AFAIK, a closed account, even if it is a "duplicate" is going to be treated as any account, so having two FNBO with the same start date will help a little if they are older than your AAoA and hurt a little otherwise.   But better than what was sometimes seen when the replacement account is given a start date of today.

[K-in-Boston]

@Anonymous is 100% correct.  If it is duplicated on your reports, it will be treated as any other closed account would be.  Sometimes that is a good thing, and sometines it is not.  If one were to repeatedly "lose" their card, it is also highly likely that the lender may elect to just terminate the high risk account completely.

I've never had this happen with any cards before, though.  I had fraud on my Synchrony Amex card and they reported a duplicate account with the same opening date, but the original one fell off after a few months.  I've had cards (and several student loans and mortgages) acquired by other lenders, where the original account remained but was reported as closed and paid and then was duplicated with just the new lender's name instead.  And once I had weirdness right after getting my Cash+ card from US Bank where there were fraudulent charges right after I used up a huge amount of its credit line for a balance transfer.  They issued a new card and it replaced the one on EQ and TU, but for some reason the original and new card stayed on EX, with the major problem being that the old one wasn't updating so I just had a newish card with very high utilization that was never changing.  I actually had to eventually do a CFPB complaint to get that resolved, but then they actually removed both from EX and to this day my older Cash+ card still doesn't report to EX.  But I have never otherwise had the same card continue to report twice from the same lender after replacement.

[Junejer]

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@BuckyB wrote:

About 6 months ago I left my year-old FNBO Getaway card somewhere.  Called them up to report it missing.  They said they'd replace it.  They did.  However, they marked that tradeline as closed with "lost/stolen card" as the reason and opened a completely new tradeline with a new account number, aged to the date of the previous tradeline.  That is, they marked the opening date not as the date of reissue but as the same date as the original card's.  The original tradeline still appears on my CRs as a closed account.

A month ago, there was fraud on my Capital One Savor card.  They cancelled the card and reissued a new one.  However, they simply changed the account number on the tradeline.

Does the closed FNBO account count against my AAoA?  Are they known for issuing completely new tradelines for lost cards?  Will the second account count against Chase 5/24?  Seems pretty weird to me when they could just change the account number like Capital One did.

If, in fact, it counts as a brand new tradeline with an age equal to that of the original tradeline, it seems like that could be hacked like crazy.  Specifically, if someone had a long, say, 12-year history with his FNBO card, he could just keep "losing" the card and they would open tradeline after tradeline, all of which would date back 12+ years to the opening of the original account.  He could totally pad out his AAoA with dozens of pre-aged new tradelines just by continually "losing" his card.

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This just happened to me in November. I am pretty sure it hurt me EQ score. I'll find out for sure in a couple of weeks, if my score goes back up to 848. It has been at 845 since the new card reported. I thought that was because I went AZE3--still might be. I'll be at AZEO and will figure it out then. The card is much younger than my AAoA (by about five years).

[BuckyB]

Thank you, I'll be curious to know.