So, if this is true, it will be a few years before I get there. I opened my Quicksilver 2+ years ago, but the BCP, Voice, and SavorOne were all opened in 2024. Do you just add up the ages and divide the number by the number of accounts to get the average age or is there some weighting that goes on? (21+2+1+1+1)/5 will put me at an average of 5 or so, right?
One thing I like about Cap One AU is that I see and can manage both wife's and my account with one login. AmEx is terrible with this. I have my account, she has hers, I have to make another username as her AU, and she has a separate AU login for my account. It sucks. I end up just logging in to her account on her phone to make payments because I am not going to remember 4 separate usernames just to see everything. I may drop the AUs on the AmEx cards and just keep the 2 Cap One AU accounts if they aren't really helping.
@FicoMike0 wrote:I opened a ssl with penfed. Got a 30-40 point boost, cost ~$10. I'm now above 800, except ex, at 794.
Could you be more specific on what/how much you did this loan thing?
@Thomas_Thumb wrote:The AU account CL and balance will not be included in Fico 8 and Fico 9 aggregate revolving credit utilizations for your file. Keep reported utilization on your cards below 9%.
AAoA is strictly an arithmetic average, no weighting. However, according to Fico, AU accounts might be excluded for scoring purposes. If not excluded, in 2 years your AoYA will reach 3 years and your AAoA will be well above 5 years at that time. If excluded, it will be 4 years before your AAoA reaches 5 years.
Side notes: you have 4 personal cards. Use the cards all you want but, keep balance(s) reporting on monthly statements low for highest scores. Don't fixate on practicing AZE1. No harm in reporting AZE2 as opposed to AZE1. However, try to avoid all cards reporting balances (AZE4 in your case).
Don't go crazy on AU account swapping. One AU account each is enough.
Ok, bear with me since I am a noob. The last two years I have been making weekly payments to all my accounts (usually on Sat or Sun since my wife shops on Friday) and my accounts are almost always at zero by Monday morning. Like I said, I am a cash-only guy and have been my entire adult life. I don't buy it if I don't have the cash. What do I need to do to get achieve "not report zero" as you say? Are you talking about the account statement? Are you talking about when the credit reporting agencies update my report? And how do know when these occur?
@Varsity_Lu wrote:
@Thomas_Thumb wrote:The AU account CL and balance will not be included in Fico 8 and Fico 9 aggregate revolving credit utilizations for your file. Keep reported utilization on your cards below 9%.
AAoA is strictly an arithmetic average, no weighting. However, according to Fico, AU accounts might be excluded for scoring purposes. If not excluded, in 2 years your AoYA will reach 3 years and your AAoA will be well above 5 years at that time. If excluded, it will be 4 years before your AAoA reaches 5 years.
Side notes: you have 4 personal cards. Use the cards all you want but, keep balance(s) reporting on monthly statements low for highest scores. Don't fixate on practicing AZE1. No harm in reporting AZE2 as opposed to AZE1. However, try to avoid all cards reporting balances (AZE4 in your case).
Don't go crazy on AU account swapping. One AU account each is enough.
Ok, bear with me since I am a noob. The last two years I have been making weekly payments to all my accounts (usually on Sat or Sun since my wife shops on Friday) and my accounts are almost always at zero by Monday morning. Like I said, I am a cash-only guy and have been my entire adult life. I don't buy it if I don't have the cash. What do I need to do to get achieve "not report zero" as you say? Are you talking about the account statement? Are you talking about when the credit reporting agencies update my report? And how do know when these occur?
FICO has an irrational policy of penalizing you for having all your revolving accounts report at zero balance. With most cards the statement balance is the reported balance. So it is preferable to let one card report a small balance, rather than a zero balance, to avoid the "All Zero Penalty".
So, leave one account unpaid until I get the "Your Statement is Ready" email from them. Then pay it? Honestly, I don't even know when my account statements happen because my account are at zero 99% of the time.
Regarding the SSL:
1. I give the $500
2. I then borrow $500
3. I then pay back $450
4. I wait 4.5 years and pay the last $50
Is that about right?
Oh, the $500 I gave them at the beginning is just sitting there unavailable for 5 years? I get that back when this all over, right? With interest I hope?