Why did my credit score shoot up higher than a SpaceX rocket for no reason?

[Anonymous]

Hi,

I'm a 20 year old that has 4 credit lines, a BofA rewards card, Chase Freedom, Chase Freedom Unlimited, and Amex Gold. I carry around a balance of 3k month to month, but on one of my cards that has 0% APR right now. Nothing changed this month utilization wise, but my scores all jumped up almost 30 points for all three bureaus. I went from 720's to 750's.

I've never had a late payment, and the only possible thing I can think of is that my very first hard inquire was removed since it's been two years now as of last month. Is this a possible reason my score could have jumped up so high? I had 6 hard inquires over the last two years, but now there are only 5 on the account.

This is the Fico Score 8 by the way.

[Brian_Earl_Spilner]

Scoring changes from inquiries happen at the one year mark. If anything, it's from an account aging past a threshold. How long ago was your last card opened?

[Anonymous]

My last card was opened June 19, 2020

[Slabenstein]

It wouldn't have been the HP dropping off your report as those become unscorable after one year.  What is the age of your youngest revolving account?

EDIT:  I see that's already been covered.  Three other things I can think of that might have changed could be highest util % on an individual card, # of accounts w/ a balance, or age of oldest account.  If you want to post more complete details of your profile before and after the score change, that might help us zero in on the cause.

[Girlzilla88]

@Anonymous      I agree I think it has more to do with Age than the Inquiry

[Brian_Earl_Spilner]

---

@Anonymous wrote:

My last card was opened June 19, 2020

---

Youngest card went to 3 months. Pretty sure that's a threshold, but I'll bow out of the conversation in favor of someone who would know better, like @Anonymous 

[Anonymous]

---

@Anonymous wrote:

Hi,

I'm a 20 year old that has 4 credit lines, a BofA rewards card, Chase Freedom, Chase Freedom Unlimited, and Amex Gold. I carry around a balance of 3k month to month, but on one of my cards that has 0% APR right now. Nothing changed this month utilization wise, but my scores all jumped up almost 30 points for all three bureaus. I went from 720's to 750's.

I've never had a late payment, and the only possible thing I can think of is that my very first hard inquire was removed since it's been two years now as of last month. Is this a possible reason my score could have jumped up so high? I had 6 hard inquires over the last two years, but now there are only 5 on the account.

This is the Fico Score 8 by the way.

---

@Anonymous as stated above, all inquiries stay on your credit report from 24 to 25 months depending on bureau, the algorithm from fico only scores them for 365 days, so if you'd like to give us the dates of your inquiries that are ~ year or less, that might help (or ones that have may have just passed the one year mark).

Edited: My first inclination is that an inqury is rarely worth 20+ points, even on a young/thin file although I've seen them go over 20 on a young/thin, so it could be the issue, if it's exactly 365 days later. Otherwise we need to dig deeper. 

Likewise AOYA 3 months has been known to give points as well, but if you got the youngest CC in October, your youngest card is 4 months old, not 3; you should've seen those points Sept. 1st.

Do you have a newer non-CC account? Loan? What is the age of your oldest account and oldest revolver?

[Anonymous]

@Anonymous And also please supply the metrics asked for by @Slabenstein , before and after the score change.

also give us before and after aggregate revolving balances. 

@Anonymous what are your oldest revolver and your oldest account? How many open and closed revolvers and accounts do you have on your report and what's your youngest account?

[Anonymous]

What were your before/after balances on all 4 revolvers?

[FlaDude]

Could Average or oldest dates have passed a threshold to cause this kind of increase?