I'm kinda stuck here, and I would love to hear what anyone knows from their experience. A few months ago, I applied for Target Visa, in my ever ending need for credit acceptance. Turned down for Visa, got the Guest card. I plan to use the card to get that initial 10% discount on my whopping $300 limit but haven't gotten to it yet. Looking over my FICO scores, one the things mentioned is that my most recent account is 8 months old. I think they're referring to my car loan, but they say the "average" new account is 22 months old. The Target card is not reporting for the last few months and I suspect that when it does, it will not show CL, just high balance. If anyone knows, great, but that's not my real question. (Finally, he gets to the question) If I use the card, will it report as being brand new on the first report or will it report as several months old? I ask because I might not actually use it for another few months, but at least then it will not be seen as such a new account. I also want to add a dept. store card to the "mix", as that seems to be A Good Thing to feed the FICO.
It should indicate when the account was opened. Also your high balance is your CL. Best regards, Mirage
