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Will combining A few of my cap one cards hurt my age of credit.
One ive had for about a year and a half and i wanna combine it, was'nt sure if it show one credit report as CLOSED?
@Anonymous wrote:Will combining A few of my cap one cards hurt my age of credit.
One ive had for about a year and a half and i wanna combine it, was'nt sure if it show one credit report as CLOSED?
It will indeed show the account you're transferring from will be marked as "closed", but the age of the account will be calculated in your AAoA for the next 10 years, so there will be no major hit right away. If you're able to transfer all of your credit limit, you should not see a hit due to utilization, either.
Hope that helps