- Centurion Member
- Posts: 410
- Joined: Wed Jun 04, 2014 1:06 pm
- Location: Chicago
Basically closing a card affect AAoA and total CL (along with total % utilization) and that is how impact on credit score is done. For the history, the closed account will show up for 10 years before falling off.
If you don't use the card then utilization is reported as 0 when you don't have balance, and it's fine when you have 1--2 cards reporting balance while the other one not. There is nothing to worry on this occasion. With no activity, though, banks might notice that and close it; however someone around me with a Citi Forward has not used that card for a long time and his account is still not closed.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015