- Centurion Member
- Posts: 423
- Joined: Thu Aug 09, 2012 7:54 am
- Location: VA
If anyone read my previous post, you already know this, but I'll give a quick run-down anyway.
I have a PNC Points Visa card I got as my first card at 18. It has a $500 limit. Age of account = 3 years, 2 months.
I have a Capital One Platinum Mastercard I got at 18 also, it has a $750 limit. Age of account = 2 years, 11 months. (Maybe 2 years, 10 months - I forgot).
I have an AMEX Gold, 2 years, 8 months old.
I have a car loan from Chase, 2 years, 3 months old.
I just got approved 2 weeks ago for a Chase Freedom with a $5k limit.
Current AAoA with all above listed accounts = ~2 years, 2 months
My plan is to get a BCP in January, so that will be 1 more card that has a 3 year age since I got my Amex Gold in 2010.
If I cancel the PNC Points and Capital One cards, my AAoA (In January after getting BCP) will be ~1 year, 10 months.
The PNC Points and Capital One cards are absolutely useless to me now. I don't want them any more. I know cancelling them will affect my average account age, but all of my accounts are so young I can't see it making much difference. 4 months shouldn't affect much, right?
I don't plan on applying for any more cards except the CSP, but I'm going to wait probably 2 years from now at least to do it, since I don't see a reason to spend $2,500 on random stuff.
What do you guys think?
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)