Is there an AAoA bucket for 10 years or more?

[cashcardscore]

Right now my AAoA is just over 9 years.

Chase is sending me a new Slate card (long story) but it is replacing my oldest active account which was opened in 2002.

Once the new card reports, I will have two accounts opened in 2002.

By my calculation, that will push my AAoA to over 10 years.

I am asking because a month or two after the new Slate card reports, my paid auto loans will report which will drop my score.

[Anonymous]

Are you certain that Chase does this when a card is replaced?  I would think that the new card would have an account opened date of now, or if it had an account opened date of 2002 that they would delete one of the reported trade lines.

If it were this easy to artifically increase AAoA, everyone would "lose" their oldest revolver a bunch of times and get it replaced, no?

[cashcardscore]

I am positive.

I am not sure now.

Chase said this will be just like if I had lost my card or had it stolen.

Original account will be closed and the new account will be opened but it will show age back to 2002.

I once had 2 BoA accounts on my reports with only 1 card. One account showed lost/stolen.

That fell off at some point.

I have two USAA accounts on my reports with only 1 card. One account shows closed by credit grantor (hacked card). That account was closed in 2012.

[Anonymous]

Nobody knows for sure whether you get extra points for having an AAoA of 10 vs. (say) 8.  And if you do get some extra points, whether you get a few more still for having an AAoA of 11 or 12 (say).  It's likely to be scorecard dependent, for one thing.

More importantly, we don't know because, unlike something like credit card utilization, AAoA isn't something a person can easily move back and forth, up and down.  Because it is so easy to play with something like CC util, there is a lot of test data here on the forums about it.  But with AAoA, you can't move your AAoA to 12, then down to 7.9, then back to 10.1, then down to 4.2, etc. -- watching your score change all the time. 

That said, a few things are known.  For example, there are at least a few people who have scored a perfect 850 with an AAoA of 8.  Therefore whatever advantage you get from going higher than 8 can't be particularly big.

You mention that you have just paid off your two auto loans, and that you anticipate a score drop because of that.  Do you have any other open loans?  If you do, how much do you owe on them and what were the original amounts of the loans?

If you do not have any other open loans, we can suggest a method that will give you another 30 points or so, far more than anything that your AAoA will do for you.

[Anonymous]

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@cashcardscore wrote:

I am positive.

Chase said this will be just like if I had lost my card or had it stolen.

Original account will be closed and the new account will be opened but it will show age back to 2002.

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But when most people have their card lost or stolen, the end result is not two accounts.  There might be two accounts for a month (maybe!) but very quickly the new card takes the place of the old one on your credit report.  I have lost cards with many issuers before and it has never resulted in a long term result of two accounts.

I am not saying that what the rep told you can never happen, but I would say you should be prepared for the possibility that you'll just have one account like before.

[cashcardscore]

My auto loans will show closed when they report in late Feb.

[cashcardscore]

Here is a shot of my accounts from a TU report in 2013. The same accounts report currently this is just easier to see than a 3B report.

I only have 1 USAA card opened in 2007.

[Anonymous]

Yup, I realzie that you have two auto loans that were open but will soon report closed.

Do you have any other open loans?

[cashcardscore]

Nope

[Anonymous]

Then you should consider something called the Share Secure Loan technique.  It will prevent you from losing any FICO 8 points when your loans report as paid.  The first three posts will tell you all you need to know about how it works and what to do:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...