- Centurion Member
- Posts: 100
- Joined: Sat Nov 15, 2014 11:11 pm
- Location: Boston, MA
I don't fully understand AAoA. My oldest card, Cap One unsecured,was opened 5/2012. My credit has since recovered & I want to cancel the card (will replace it with another this coming summer). I was approved for three new cards in November 2014. What will be the repercussions if I close the Cap One, which is by far my oldest card account. I'm also looking at applying for an AMEX Simply Cash for business in the next few months.
Thank you for the help.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500