Significant Drop in Score after oldest personal card reaches 6 month.

[Mones]

I recently had 3 of my cards (both opened within days of each other) reach 6 month age mark (all from May 2022). These were my first 3 credit cards. Until now, my Experian, Equifax FICO has been around 760 and TransUnion at around 780 (since the AU account with higher Util% doesn't actually show up).

I was wondering why my score would drop so much once my actual cards (that aren't AU accounts) reach 6 months so they can also generate a FICO score. Util is pretty low across the board I think.

Does it have to do with a Scorecard change from Thin/Old to Thin/Young? But then why would my score decrease so significantly? Any ideas so I could understand the fico process?

I attached Photos that show FICO score change and Util where I can.

PS. I love how myFICO now gives Equifax FICO8 for free that means that I can get FICO Bank8 updates across all bureaus.

[simplynoir]

Assuming the utilization on all three bureau reports are the same when the three credit cards reported then yes I think it's an aging metric that caused the drop in scores. Depending on the age of the AU card(s) having the new ones report dropped your scores through several AAoA thresholds. The good news is if you are done applying for the time being the scores should reach back up before you know it. During the early months/years of new accounts is when you see gains back especially during the first two years or so

Another thing to keep in mind at least with EX is your four HPs which is why that score is getting hit harder than EQ and TU. And ss a heads up checking your signature you might a slight drop again when the AMEX Gold card reports but again gardening and letting accounts age will have those points come back

[SouthJamaica]

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@Mones wrote:

I recently had 3 of my cards (both opened within days of each other) reach 6 month age mark (all from May 2022). These were my first 3 credit cards. Until now, my Experian, Equifax FICO has been around 760 and TransUnion at around 780 (since the AU account with higher Util% doesn't actually show up).

I was wondering why my score would drop so much once my actual cards (that aren't AU accounts) reach 6 months so they can also generate a FICO score. Util is pretty low across the board I think.

Does it have to do with a Scorecard change from Thin/Old to Thin/Young? But then why would my score decrease so significantly? Any ideas so I could understand the fico process?

I attached Photos that show FICO score change and Util where I can.

PS. I love how myFICO now gives Equifax FICO8 for free that means that I can get FICO Bank8 updates across all bureaus.

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I doubt that your AAoA reaching 6 months caused your score to drop.

[Mones]

I think what most likely happened is that FICO algorithms stoped counting age of AU accounts as oldest accounts whereas now, they don't affect my age of accounts at all.

[FireMedic1]

Just a hunch. Since you have your own 3 cards as a primary now. New to FICO. The AU's went to the side and you were placed in a new bucket for thin files.

[Mones]

Ahhhh, okay that makes sense. That's what I was wondering about.

[FireMedic1]

I'm not saying as spot on fact. But it appears that may have been the case more than likely. Welcome to FICO!