This chart (courtesy of my friends at Credit Karma) shows how the average
age of open credit lines impacts your score.
You might also wish to open multiple accounts so that future lines will have less of an impact on your average
age of open credit lines.
Not exact matches
Furthermore, under some models,
opening a new
line of credit could also lower the average
age, with the same effect.
The no annual fee version is great for keeping your
line of credit open and allowing your account to
age and as
of the time
of this writing, it offers you increased award inventory and a 25 % bonus on the MPX App!