What is the Relationship Between Credit Score and Age?

Does your Age Affect your Credit Score?

The saying “it’s never too early to start a credit card” is a true and often overlooked statement. Lenders see individuals under 29 as not fully established with a clear credit history. Most of the time individuals under the age 29 will have a score that is lower than somebody who is older simply because of age. As with age comes wisdom and responsibility. Although there are many young individuals who have scores above 720, this is not your everyday typical case.

The length or age of your credit history is one of the major factors that influence your credit score. The younger you are the less experience you have and the less history creditors will have on you. Creditors often use history as a tool to predict your ability to pay back future debt. The longer the time, the more reliable and consistent the information will be in the future. The shorter the period, the less consistent the information will be and the lower the credit score will be.

Having credit age and payment history can be exceptional important. These two along account for more than 50 percent of your credit score. By having a more extensive payment history with on time payments, individuals are able to receive the trusts and benefits from lenders. Despite the length of credit card history, if you have delinquent payments, your credit score will be much lower.

According to Bcsalliance, the credit score and age group is broken down:

  • The 18 29 age has an average credit score of 637.
  • The 30 39 age has an average credit score of 654.
  • The 40 49 age has an average credit score of 675.
  • The 50 59 age has an average credit score of 697.
  • The 60 69 age has an average credit score of 722.
  • The 70 + age has an average credit score of 747 or higher


Please note that there are exceptions among each age group.

Despite the age factor there are a number of other factors that are crucial to your credit score besides age


  1. Having a number of delinquent payments will significantly downgrade your credit score. Lenders will use this as a reflection in the future and also assume that you will be delinquent in payments in the future.
  2. Using too much of your available credit will also severely impact your credit score. Creditors will often view this as a higher risk because you are borrowing more money. One way to bypass this is to increase your credit limit which can increase your borrowing power. The most ideal situation is to only borrow 25% of your overall credit limit.
  3. Inquiring on too many different credits will have a negative impact. You may not think much but simply inquiring about other cards will decrease your overall score. This shows lenders that you are trying or looking into applying for a number of new credit cards.
  4. Having too many credit lines can also decrease your credit score. If you have too many credit cards, lenders will view this as highly risky. The more credit cards you have, the lower the percentage you will have for paying all of them back. Therefore keep your credit cards limited and use them constantly instead of constantly mixing and switching them around.


By combining all this factors including the age of the credit card, you are able to get a good sense of what you credit score is composed of. By monitoring all these factors, you can ensure that you get a healthy credit card score and a fair interest rate when applying for a mortgage or auto loan.

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