Most recently opened revolving account is too new

VantageScore code numbers

Code numbers can differ by bureau and score version. The wording of the statement is what to match.

What puts this reason on your score

VantageScore's explanation says the revolving account you opened most recently is still too new. A store card opened for a checkout discount two months ago counts the same as a new bank card. VantageScore's own consumer blog uses 'Your most recently opened account is too new' as its example of a reason code.

This code reads one date. Code 06 is about how many accounts are new. One new card can set off this code without the other.

What to check on your credit report

• The open date of your newest card on each report
• Accounts you don't recognize, which could be fraud
• Store cards opened at checkout that you've forgotten about

What you can do about it

• Wait. The code eases as the newest account ages.
• Avoid opening another account, which resets the newest date.
• Freeze your reports if a new account shows up that you didn't open.

How soon a change can show

It loosens month by month as the newest account ages. Opening another card restarts it.

If you are applying for a mortgage

Opening a store card for a furniture discount before closing is a common mistake. Wait until the mortgage funds.

Guides that go deeper

• Hard vs. soft inquiries: which credit checks count against youA hard inquiry comes from a credit application and can trim your score. A soft one never does. A table of the common checks, gray zones included.
• Fraudulent accounts and inquiries on your report, and what to doAn account you don't recognize isn't always fraud. How to tell fraud from a mixed file or a renamed lender, and what to do once you're sure it isn't yours.
• Freezing all the bureaus, including the ones nobody mentionsEquifax, Experian, and TransUnion are three of the freezes you need. The other four, with each company's own freeze link, phone and mail address.
• How many credit cards should you have? The math behind the numberFICO publishes no ideal number of credit cards. What matters is what each card does to utilization, account age and recent applications. The math, worked out.
• What your credit score reason codes are telling youReason codes list what held your score back the most, in order. What the common ones mean, which you can act on, and which to leave alone.