My AAoA stays low because of apping, will this ever be consequential?

[gen-specific]

Hello, My AAoA stays low because I keep getting new accounts. Although I'm no longer closing old cards, it does sometimes happen or my current crop of cards is weighed down by newer cards.

I realize that an 850 credit score is nigh completely inconsequential. And that the myriad of scoring algorithms which are subject to change without notice, are also not worth being a perfectionist over. If I ignore the credit game for a long time, my score will drift upwards, at this point. I get it.

Anyway, utilization & no late payments are the biggest factors, and the score(s) are an after thought *** after a certain point ***, but low-mid 700s for reference.

So, will my average account age of 2.6years ever be a problem without derogatories?

I guess derogatories will be weighted less heavily if I had an older AAoA, so did I just answer my own question?

[HiLine]

Problem for what? Financial review? Future credit card applications? Mortgage loans? 800 FICO? 

What are you concerned about? 

[Revelate]

If you're churning as long as you continue to get approved what does it matter?

Otherwise why are you continually applying for cards you presumably don't have a use for?  Anyone should be able to get rewards complete w/in 5 cards as an approximation of typical spending habits.

AAOA doesn't factor into payment history vis a vis derogatory marks, seperate part of the algorithm as we understand it.

[gen-specific]

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@Revelate wrote:

If you're churning as long as you continue to get approved what does it matter?

Otherwise why are you continually applying for cards you presumably don't have a use for?  Anyone should be able to get rewards complete w/in 5 cards as an approximation of typical spending habits.

AAOA doesn't factor into payment history vis a vis derogatory marks, seperate part of the algorithm as we understand it.

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I had been replacing cards I don't like with cards I do like. If they are at the same institution I had been transferring the credit limits to the new cards and possibly eventually closing the other one.

If I close some cards this then of course my AAoA will get lowered, but I haven't exactly made a pattern out of doing it. 

Otherwise when I apply I do have SOME intended use.

[NRB525]

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@gen-specific wrote:

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@Revelate wrote:

If you're churning as long as you continue to get approved what does it matter?

Otherwise why are you continually applying for cards you presumably don't have a use for?  Anyone should be able to get rewards complete w/in 5 cards as an approximation of typical spending habits.

AAOA doesn't factor into payment history vis a vis derogatory marks, seperate part of the algorithm as we understand it.

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I had been replacing cards I don't like with cards I do like. If they are at the same institution I had been transferring the credit limits to the new cards and possibly eventually closing the other one.

If I close some cards this then of course my AAoA will get lowered, but I haven't exactly made a pattern out of doing it. 

Otherwise when I apply I do have SOME intended use.

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I think AAoA is overrated. You have several cards at $30k or more. Those lenders don't hand out $30k cards as a "let's see how it goes" card. As long as you pay on time and keep usage reasonable there's no relevance to how new the cards are.

[Anonymous]

how much of an affect does AAoA play when you apply for a mortgage? 

[HiLine]

You meant "effect".

AAoA only matters as far as FICO scores go. As long as you don't have an account opened within the last year, you should be fine.

[jhtrico1850]

INstead of applying and closing old accounts, a lot of companies will let you "upgrade" or change the card.

[gen-specific]

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@jhtrico1850 wrote:

INstead of applying and closing old accounts, a lot of companies will let you "upgrade" or change the card.

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true

I've rarely done this at the same company though

[Anonymous]

With your credit lines i would not need more cards!