AAOA Calculator Average Age of Accounts

[kittycreditmeow]

AAOA Calculator | Average Age of Accounts Calculator | FICO AAOA (aaoa-calculator.org)

I used this calculator. Oldest account being from 2005 that isn't even open anymore but still on my experian report. I have 35 accounts (opened and closed) and got 3 years for average age of accounts just for experian report, the other reports are prob different. Not sure how accurate this is but sounds about right I guess, I hope. I know some people do the math themselves but it was too complicated for me. LOL! 

I'm not sure what a good number of AAOA is but I hope that 2005 Fingerhut account doesn't fall off anytime soon. 

[Anonymalous]

A lot of churners have a fairly low average age.

If you have 35 cards, a 16 year old card is only responsible for about 5-1/2 months of your average age. Wait 5 months, and you'll regain whatever you lost. It'll take longer to regain age of your oldest account, though.

My case is far more severe, because if I lost my oldest card, my average age would drop from 8 years to 0 years, 5 months.That's because I only have 3 cards, and 2 of them are less than a year old, but the oldest card is more than 23 years old.

[expatCanuck]

It's not crazy hard to create a spreadsheet that does AAoA math.  My approach was to count the months, then use the QUOTIENT operator to get the year value, and MOD for the months.

[Kforce]

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@Anonymalous wrote:

My case is far more severe, because if I lost my oldest card, my average age would drop from 8 years to 0 years, 5 months.That's because I only have 3 cards, and 2 of them are less than a year old, but the oldest card is more than 23 years old.

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I am sure you know, however just in case !

Be sure to use your old card a little every few months. 

I also have only a hand full of cards, my oldest two valuable only for age. 

Both have "No" rewards,  not like modern cards, we all need at least 3% 

[Anonymalous]

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@Kforce wrote:

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@Anonymalous wrote:

My case is far more severe, because if I lost my oldest card, my average age would drop from 8 years to 0 years, 5 months.That's because I only have 3 cards, and 2 of them are less than a year old, but the oldest card is more than 23 years old.

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I am sure you know, however just in case !

Be sure to use your old card a little every few months. 

I also have only a hand full of cards, my oldest two valuable only for age. 

Both have "No" rewards,  not like modern cards, we all need at least 3% 

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Generally excellent advice, but it doesn't seem to matter in this case. It literally goes for years without a single charge, and they don't seem to care. I suspect that's because it's a store card, which can only be used in that particular store. They're not paying any fees to VISA or MC, and there's less opportunity for abuse or fraud, so I suspect there's less pressure to cull cards that haven't been used in a while. Plus, I'm just an an authorized user. It's there to give me a boost until I've developed credit of my own. It's not going to be one of the cards I'll keep indefinitely.

And I'm at the stage where 3% is my best, not my worst.

[ccquest]

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@expatCanuck wrote:

It's not crazy hard to create a spreadsheet that does AAoA math.  My approach was to count the months, then use the QUOTIENT operator to get the year value, and MOD for the months.

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I've got one I shared and modified a few times based on feedback in this thread.

[Thomas_Thumb]

An AAoA over 3 years is helpful for boosting score and over 5 years is more beneficial. Age of youngest revolving account (AoYRA) and age of oldest account (AoOA) are often more influential.

An AoYRA under 12 months puts you in the new credit penalty box and that can negatively impact score 15-25 points. AoOA affects scorecard assignment and score. Anything above 8 years is good but higher is better.

My stats: AoYA 13 yrs, AAoA 26 yrs, AoOA 40 yrs.