CC closed due to inactivity & steps to keep active
Apr 19, 2017, 8:21 pm
#46
Join Date: Nov 2015
Location: St. Louis, MO
Programs: Southwest Companion Pass
Posts: 790
Apr 20, 2017, 12:09 pm
#47
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
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.
Apr 21, 2017, 12:55 am
#48
Join Date: Sep 2013
Posts: 401
If you only have less than a handful of accounts it's not good on manual review according to the PB underwriter I spoke to. Otherwise, probably not.
Apr 21, 2017, 7:43 am
#49
Join Date: Feb 2010
Location: US
Programs: (PM)AA SPG (Marriott), Hilton
Posts: 1,040
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"
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/
May 2, 2017, 1:19 am
#51
Join Date: Nov 2007
Location: PVG
Programs: SK*G, QR*G
Posts: 514
What are the cost for the bank to have a cc account open (when you don't use the card) ? I guess it's the printing and mailing of the actual card, account statement if sent by mail. What other costs do they pay?
May 2, 2017, 4:20 pm
#52
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,933
On inactive cards, I may get a promo mailing (most often for a balance transfer) once in a while, but not monthly statements. And I have all my cards set to paper statements.