when does "Amount of new credit turn to 'Excellent'"

[Gregory1776]

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[markbeiser]

I believe it is at 24 months since opening your newest account and inquiry.
12 months gets you to "Very Good."

[Gregory1776]

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@markbeiser wrote:

I believe it is at 24 months since opening your newest account and inquiry.
12 months gets you to "Very Good."

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I am at very good now with a 3 m/o account...

[Thomas_Thumb]

Multiple factors appear to affect "new credit" rating: age of most recent account and age of hard inquiries.

When my youngest account was 3.5 years old I had an exceptional rating on TU and EX but a very good rating on EQ. TU and EX had no hard  inquiries on file but EQ had one under 12 months. Four months later, when the HP was over 12 months age, EQ rating had changed to exceptional.

So, no hard inquiries under 12 months is one criteria. Age of youngest account is another. I know 3 years AoYA is sufficient. It could be 2 years but, I don't have that data.

[markbeiser]

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@Gregory1776 wrote:

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@markbeiser wrote:

I believe it is at 24 months since opening your newest account and inquiry.
12 months gets you to "Very Good."

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I am at very good now with a 3 m/o account...

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It would seem the number of new accounts matters too.
It may take me a year to get to "Very Good" because I tend to open 2 or 3 new accounts at a time.