- Centurion Member
- Posts: 221
- Joined: Sat Oct 23, 2010 1:51 pm
- Location: CA, USA
Woah! There is a lot of misinformation going on here.
Closing a card does NOT hurt your AAoA, not within 10 years from the time of closure. A closed account stays on your credit report for 10 years and during these years it WILL be included in AAoA. This is true for FICO and VantageScore (two scores that matters). TransRisk score from CK is different but no lender at this time use TransRisk.
If you don't use the account close it, even if it is the oldest one. It will do no damage to you (beside short term overall utilization) for 10 years. By then it hardly matters.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)