Age of Oldest Account

[FICOdawg]

In October a credit card I opened in 1992 will drop off and at that point my oldest Chase CC account will be 2009 so obviously big change.   My average age of open and closed accounts will be around 7.7 years (14 accounts) at that point.       Goal is 800+.     Will the oldest account age be a major factor to my score?      That old card got closed in 2015 because I hadn't been using it.    Wish had known to be diligent as that old card definitely padded my average age.

Plan is an installment loan and a padding my credit mix with another CC in first few months of 2026 then will hit the garden.

[Varsity_Lu]

I think you'll be ok, certainly to reach 800. I'm over 800 and am below what your AAoA will be. Not sure, but I think I recall that AAoA points max out at like 7.5 years. After that point people start achieving perfect 850s. Someone correct me if I'm wrong.

[coldfusion]

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@Varsity_Lu wrote:

I think you'll be ok, certainly to reach 800. I'm over 800 and am below what yours will be. Not sure, but I think I recall that AAoA points max out at like 7.5 years. After that point people start achieving perfect 850s. Someone correct me if I'm wrong.

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I understood 7 years, but we're on the same page. 

[Varsity_Lu]

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@coldfusion wrote:

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@Varsity_Lu wrote:

I think you'll be ok, certainly to reach 800. I'm over 800 and am below what yours will be. Not sure, but I think I recall that AAoA points max out at like 7.5 years. After that point people start achieving perfect 850s. Someone correct me if I'm wrong.

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I understood 7 years, but we're on the same page. 

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There is a thread on MF about it I read a while back, but I can't seem to find it. Someone has data points that confirmed the exact point. I'm certain 7.7 is past that point. It very well could be 7.

[Thomas_Thumb]

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@FICOdawg wrote:

In October a credit card I opened in 1992 will drop off and at that point my oldest Chase CC account will be 2009 so obviously big change.   My average age of open and closed accounts will be around 7.7 years (14 accounts) at that point.       Goal is 800+.     Will the oldest account age be a major factor to my score?      That old card got closed in 2015 because I hadn't been using it.    Wish had known to be diligent as that old card definitely padded my average age.

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Minimum reported AAoA for 850 is 7 years. Minimum AoOA ever reported for an 850 is 14 years. That was an outlier. The next youngest was at 17 years and there were a few at 18 years

In general I'd go with 7.5 years for AAoA and 17 years for AoOA as typical benchmarks.

Don't confuse max available attribute points with an 850 score. Fico 8 and 9 have 20-25 points of buffer. So, scores of 850 are achievable with a far less than perfect profile.

P.S. scores of 800 have been reached with an AAoA of 3 years and even an AoOA of 5 years. However, with a CC only profile, AAoA at 5 years and AoOA of 7 years is a better benchmark. Of course, AoYRA under 12 months can hold down score

[NoHardLimits]

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@Thomas_Thumb wrote:

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In general I'd go with 7.5 years for AoYA and 17 years for AoOA as typical benchmarks.

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@Thomas_Thumb  Did you mean 7.5 years for AAoA, instead of AoYA?  It's certainly possible to achieve 850 with AoYA far less than 7.5 years.

[Thomas_Thumb]

@NoHardLimits 

AAoA. Made correction to post

There have been 850 scores reported with an AoYA under 12 months due to the generous buffer. Even so, adding a new revolving account will drop score for a majority of 850 profiles.

[FICOdawg]

I'm not so concerned with 850 now but want to get all three scores over 800.   Once I get the next loan and then open the CC I'll just have to let father time do it's thing.      Unfortunally I should have done all the CC optimization 10-15 years ago.        

[NoHardLimits]

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@Thomas_Thumb wrote:

@NoHardLimits 

AAoA. Made correction to post

There have been 850 scores reported with an AoYA under 12 months due to the generous buffer. Even so, adding a new revolving account will drop score for a majority of 850 profiles.

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AoYA under 12 months always drops me out of 850 on FICO8, but my FICO9 EX seems to hold steady at 850.  

[FICOdawg]

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@NoHardLimits wrote:

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@Thomas_Thumb wrote:

@NoHardLimits 

AAoA. Made correction to post

There have been 850 scores reported with an AoYA under 12 months due to the generous buffer. Even so, adding a new revolving account will drop score for a majority of 850 profiles.

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AoYA under 12 months always drops me out of 850 on FICO8, but my FICO9 EX seems to hold steady at 850.  

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The penalty for new accounts does seem unfair.   You get hit for the hard pull, the sub 12 month account, and if a loan you get hit yet again for having balance over 90%.     Maybe FICO9 has more leniency for otherwise perfect/clean credit.