- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
I would not close my oldest card. The average age of the accounts is a good boost to your credit. Rather than closing it, I would ask for a credit line increase.
Print a copy of your credit report, and figure out how old each account is, then average them. If your average age isn't affected much by removing it, and they won't give you an increase, then close it. But if you have a bunch of new accounts and one or two old accounts, then your score could go down by closing it. The closed account will still be on your report, but it will show up as "closed by consumer".
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.