Originally Posted by
deant
Does anyone really feel that having an AAOA of say 8 years vs over 10 years really makes any difference? Seems like the difference between having a credit score of 790 vs 795. No big deal.
Some or all parts of a FICO score seem to be 'bucketed' not incremental. Numbers for AoA buckets could be 0-2 years, 3-5, 6-9, 10-20. For those buckets, the difference between 8 and 10 would be one bucket better, but no difference between 11 and 13.
FICO on AoA: [1]
"There are two metrics in this category: the average age of the accounts on your report and the age of the oldest account. How long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts. How long specific credit accounts have been established. How long it has been since you used certain accounts"
Given what the horses mouth says, it's hard to tell what 8 or 10 years does for an instant score taken right now, or how your score might be impacted later, or by the different scores in use today.
Each specific card holder has their own situation. 8 or 10 or 790 vs 795 may not matter for you but could be more important for someone else.
[1]
http://www.myfico.com/credit-educati...-credit-score/