Battery111 wrote:So I spoke with chase and it looks like this is no issue, aside from me possibly losing $500 in credit. However, I got to thinking this May not be the best thing. I realized that my MP Explorer is a few years old so by closing it I will likely take a hit on AAoA. However, the AAoA isn't worth the AF for me. So, wondering if I have any hope PC'ing my MP Explorer to a freedom instead. I've looked and haven't really seen a hard answer on whether this is allowed. I can call and ask, and likely will, but I like to go in with the benefit of others' experiences on my side. Thanks for any help.
Closing an account does not hurt your AAoA. Its open date is still factored into your average age of account. Chase does report accounts for 10 years after closure; other banks YMMV. The only thing that would effect your credit is that the closed account's credit line would be removed from the debt to credit ratio-this is a non factor if you simply move the credit line to another card.
The United Airlines card is a cobranded or partner card; therefore, it cannot be product changed to an "in-house" (Slate, Freedom, CS&CSP) card.
You were on the right track before; go ahead and transfer the credit line and then close that account.