Store card AZEO store curiousity

[Anonymous]

I decided I would spend 2018 playing with as many different utilization parameters as possible.  Since I pay for MyFico 3B monthly myself and get CCT monthly for free, this gives me 2 different pulls 2 weeks apart plus alerts from either of them.

I also know when certain things will be happening (I expect AAoA to 24 months in February, but that's debateable) and have a relatively clean profile with almost all my statement dates happening mid-month so balance changes shouldn't conflict with monthly age changes.

Last month I was testing out 2 credit cards at 28% with 1 store card at 5% and aggregate under 8% but I screwed up the latter because I forgot that Amex CLI wouldn't reflect until month's end.  Oops.  So I ended up reporting 10% aggregate and blew my test cycle for December.

Still, with payoffs happening, here's what my scores have been in the last 3 days.  Total of 9 credit card accounts.

1. January 13, EX FICO8 = 706, reporting 9% aggregate and 2 bank cards reporting 27% and 20% and a store card reporting 5%.
2. January 14, EX FICO8 = 710, reporting 4% aggregate and 1 bank card report 20% and a store card reporting 5%.
3. Janusry 15, EX FICO8 = 709, reporting 2% aggregate, 0 bank cards reporting and a store card reporting 5%.

Please note that with 3 cards out of 9 reporting, this causes EQ to be unhappy but I am not monitoring EQ as much because EX pulls are free daily.

So the store card AZEO appears to have dropped my score.  I know for a fact that nothing else changed.  I was going to report 8% on Amex this month and 8% on Chase at statement cut tomorrow and 5% on store card so I can see what affect an estimated 24 month AAoA will have in a few weeks.

Still curious that the Amazon card appears to be weaksauce for AZEO on my profile.

Since these are just 1 point here, 1 point there, it obviously means nothing -- but soon I will test out 48% on a single card and even 68% on a single card soon.

[Revelate]

Interesting; granted only 1 point.  Any chance you are able to get the 1 bankcard 0 store cards for AZEO datapoint before you tick over 2 years AAOA which was a breakpoint on my data anyway?  

I've always gotten slightly weird results from EX when it came to revolvers with balances and small payoffs in the margin, but I don't know if that was a function of the monitoring solution here which has gone through several changes over time.

Where are you getting the daily EX anyway, that from CCT?

[Anonymous]

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@Revelate wrote:

Interesting; granted only 1 point.  Any chance you are able to get the 1 bankcard 0 store cards for AZEO datapoint before you tick over 2 years AAOA which was a breakpoint on my data anyway?  

I've always gotten slightly weird results from EX when it came to revolvers with balances and small payoffs in the margin, but I don't know if that was a function of the monitoring solution here which has gone through several changes over time.

Where are you getting the daily EX anyway, that from CCT?

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Unless Sync would push a new balance report, no.  I think Amazon statement is the 1st or 2nd (it alternates) and even though it's PIF'd I can't get an earlier report.

The AAoA of 24 months is debateable for me because my oldest account at 12 years is a closed AU, and MyFico and CCT can't agree on what my AAoA is.  CCT swears it's 1.9 years, MyFico tells me 1.0 years.  Vantage Score of course says 1.0 years across the board, but we know how useless their analyses are.

If I see a nice jump in February on the 1st, I'll assume 2.0 years is correct.  That 12 year closed AU drops off later this year anyway, so if it does count to AAoA, I will "max out" in October at 32.3 months and in November I'll be down to 22.2 months until January 2019 at 24.2 months.  So I should be able to test more out this year since I'm heavily in the garden (unless CSP offer pops up).  I do expect to fall just under 800 by year's end and who knows in January 2019 when I'm back to 24 months AAoA.

I'm still on the "new account penalty" scorecard from Amex (November 2017) so that kinda upsets any calculation data.

I get a daily EX pull with FICO8 from CCT -- my estate planner gives me $19.99 a month towards any credit monitoring program but it has to be that number or less so CCT at $14.97 or whatever for a year means it's free, but that $14.97 deal ends in February so I'll have to find another daily FICO8 puller if one exists.

[Revelate]

Nice!  On my dirty scorecard (this was several years ago) I only got 3 points on EQ for going over 2 years, I assume it would be more on prettier scorecards.

I'm really starting to hate AAOA, I was looking at my Excel sheet and then looking at my credit report and realized my Chase mortgage tradeline did not disappear when they transferred it, so there it is dragging my AAOA down and my math was wrong, again.

So maybe I do get a boost at 4 years, that'd be nice if so.

[SouthJamaica]

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@Anonymous wrote:

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@Revelate wrote:

Interesting; granted only 1 point.  Any chance you are able to get the 1 bankcard 0 store cards for AZEO datapoint before you tick over 2 years AAOA which was a breakpoint on my data anyway?  

I've always gotten slightly weird results from EX when it came to revolvers with balances and small payoffs in the margin, but I don't know if that was a function of the monitoring solution here which has gone through several changes over time.

Where are you getting the daily EX anyway, that from CCT?

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Unless Sync would push a new balance report, no.  I think Amazon statement is the 1st or 2nd (it alternates) and even though it's PIF'd I can't get an earlier report.

The AAoA of 24 months is debateable for me because my oldest account at 12 years is a closed AU, and MyFico and CCT can't agree on what my AAoA is.  CCT swears it's 1.9 years, MyFico tells me 1.0 years.  Vantage Score of course says 1.0 years across the board, but we know how useless their analyses are.

If I see a nice jump in February on the 1st, I'll assume 2.0 years is correct.  That 12 year closed AU drops off later this year anyway, so if it does count to AAoA, I will "max out" in October at 32.3 months and in November I'll be down to 22.2 months until January 2019 at 24.2 months.  So I should be able to test more out this year since I'm heavily in the garden (unless CSP offer pops up).  I do expect to fall just under 800 by year's end and who knows in January 2019 when I'm back to 24 months AAoA.

I'm still on the "new account penalty" scorecard from Amex (November 2017) so that kinda upsets any calculation data.

I get a daily EX pull with FICO8 from CCT -- my estate planner gives me $19.99 a month towards any credit monitoring program but it has to be that number or less so CCT at $14.97 or whatever for a year means it's free, but that $14.97 deal ends in February so I'll have to find another daily FICO8 puller if one exists.

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I'm pretty sure that if you cancel CCT they'll offer it to you at half price.

[Anonymous]

Yeah, it'll be a good data point if true.  I still think there are far fewer AAoA thresholds than anything else, but you'll be able to see if that's the case, probably!

I know 24 months is a huge one because my EQ is over 24 months already due to two closed accounts on that one and it's consistently 10-25 points higher than EX, both clean profiles.  TU is dirty (unpaid $1000 tax lien from 2010 drops off 12/2019) so I can't really do much there but wait and hope.   Naturally in my state everyone pulls TU no matter what.

So I'm hoping that EX goes from 710->725 in February and then in March my zero interest boat loan will be at 87% (reporting lags by 3 freaking months) so I won't be playing any tests then to see if the loan going from 91%->87% will raise my score and drop any installment loan factors, then in May I will get to 6 months without a new account so hoping I fall off the new account scorecard at some point there to see what my foundation scores will be.  That boat loan is annoying me but helps me test data points and I have the full payoff invested in a nice basket of goods that's netted me almost 4.5% since May when I got the loan.  Going to test 87% loan utilization, 47%, 27%, 7% and then PIF to get it off my reports since my SSL reports until April 2022.

[Remedios]

How long is a new account penalty and is it applicable to 1st,2nd and 3rd card? (first, as in first ever). 

Thank you 

[Anonymous]

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@Remedios wrote:

How long is a new account penalty and is it applicable to 1st,2nd and 3rd card? (first, as in first ever). 

Thank you 

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Technically there's no FICO loss from a new account if it's your first through third credit card, only because it helps with "credit mix" more than the new account dings you.  But after 3 months and 6 months you should see some growth because the penalty that did exist (and was likely negated by the credit mix boost) will go away.

Different FICO flavors appear to penalize new accounts for different weight and lengths of time, but my own data seems to say that 0-3 months is the worst penalty, 3-6 months less, and doesn't appear to mean much if anything after 6 months -- but some people have personal data points saying a full year on their profile.

I can't recall if there is a FICO factor for new accounts, though.  I only have 3 negative factors on EX right now (short credit history = low AAoA/AoOA; seeking credit = inquiries, installment balance too high = boat loan utilization).  So I assume the new account penalty may be well below any of those issues.

[Anonymous]

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@SouthJamaica wrote:

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I'm pretty sure that if you cancel CCT they'll offer it to you at half price.

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They will, but a pair of $1 CCT trials > a half price real membership in terms of what you get for 1/8 the cost.  Just something to keep in mind.

[Poppa]

I also let only my store card report a balance using AZEO and just like OP my score fell. The factors mentioned I had no credit cards reporting a balance. It's reported as a charge card. Forced me to pay off the two items I was financing because I am house hunting.