"Credit History not old enough"

[rollerkosh]

Hello,

I have been in the United States since February 2007 (that's when I opened my first credit card) so its been 4 years and I still get this : "Credit History is not enough" When I apply a high end card ( I applied once in the last 2 years this december). When will that change to being old enough. What is the date range that is used to determine if your credit history is old enough.

[veracious]

Hello , rollerkosh, and welcome to the boards.

 Since you have already established credit and have been issued a credit card ,

you are doing fine.  Some of the comments/advice you get  from the credit repoting agencies

is kind of generic. So, take their comments with a grain of salt.

Most of the time, you will find that speaking with a credit issuer wil resolve many limitations you may encounter

by simply eliminating the computer-generated responses and speaking with a real live person.

Don't worry about the computer-generated response   " Credit History not old enough"

Basically, it means nothing. You should have no trouble establishing new  accounts

if you manage your credit accounts wisely.

Good Luck!!  

[Anonymous]

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@rollerkosh wrote:

Hello,

I have been in the United States since February 2007 (that's when I opened my first credit card) so its been 4 years and I still get this : "Credit History is not enough" When I apply a high end card ( I applied once in the last 2 years this december). When will that change to being old enough. What is the date range that is used to determine if your credit history is old enough.

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If you received that comment as the result of a credit denial by a creditor, it generally means you have what is considered a thin file.  Generally credit grantors like to see multiple accounts each over several years old with a bare minimum of recently opened or new accounts.   Depending on the creditor, an account can be considered new for up to 2.5 or 3 years. 

So, even though you may have one or two credit cards that are 4 years old, if you also have several that are considered new, many creditors, but not all, will shoot you down as having a thin file / insufficient credit history and / or for having recently opened accounts.