CarefulBuilder14 wrote: MemberSince99 wrote:
CarefulBuilder14 wrote:Member, I am curious...
If you factor in closed accounts, and only look at payment history reported by Amex (ignoring backdating), then what would your AAoA be?
All of my accounts that are closed were closed within the last 5 years so they are still factored in.
If we ignore backdating, my Platinum was opened in May 2013 so it has or will shortly have 2 full years payment history. I opened 2 of my Amex cards in 2013 and one last summer (the Hilton card). So two of them are about 2 years old and one is about 1 year old.
I have I think 3 Amexes closed that were opened and closed in 2012. I'm just going by memory here.
Thanks for the reply, but I meant AAoA across all lenders. I know you've had the Freedom and a few others since mid-2013, but I was mostly curious about how much your short-lived accounts (like the closed Discover ones) dragged down your AAoA.
Edit: I had mentioned Amex only because of the effect of backdating - I wasn't specifically curious about your rebuilding relationship with them.
My AAoA is right around 9 months. Each new card has a pretty negligible effect now.
I would guess that it has a significant effect and will for some time. I would not be surprised that once those accounts fall off, my score hits 800s.
But, honestly I don't care it's already given as high 770s to low 780s, so what practical difference would 800 make other than bragging rights? None that I'm aware of.
But I do think I paid a price that way but I'm ok with that. I wanted to try out all the lenders, essentially. I think it's good to have options. If I was new to credit what I did would not be very smart. But it really hasn't hurt me much in any way that makes any difference.
I agree at 9 months they won't hurt you and as they age it will get better.