FlyerTalk Forums - View Single Post - Churn Amex cards to increase average age of accounts?
Old Aug 12, 2013, 10:10 pm
  #12  
jn in ca
 
Join Date: Dec 2010
Programs: Hilton Diamond, Marriott Titanium, Radisson Gold, Hyatt Globalist, M life Gold, IHG Spire
Posts: 918
All that churning sure seems like a lot of work for such a minor change to the FICO score.

In general, this is something I see online a lot: hand wringing about AAoA. Let's look at that facts: Length of Credit History is only 15% of the FICO score, and length of credit history encompasses more than just age of accounts.

This interview with the FICO guy is a little old, but it is still very enlightening: Does Closing an Old Credit Card Hurt Your Credit Score?

Hey, if you want to churn, that is between you and American Express, but if it actually makes a worthwhile difference to your credit score, come back and tell us. I'll be more than a little surprised.
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