Close low limit cards in my situation?

[Kenny]

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@Fico2Go wrote:
Since util counts more than aaoa if given a choice of greater aaoa or higher cls the clear choice would be the lower util..

The best candidate to share whether aaoa is significant or not is someone with low util waiting for amex TLs to report.

Now u gote thinking.

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I meet these criteria.. when my new amex X2 report.. I will gladly share my experience.

[Kenny]

Holy wow at that STARTING CL. lol Great job!

[Fico2Go]

kennys, thanks. You will be solving one of the biggest question ever asked about fico.

[efranklin23]

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@devacraze wrote:

I see some slightly conflicting advice here about whether closing a low limit account can raise your score so wanted to ask specifically about my situation to see if anyone had any advice:

AAoA: 11 years

Cards:

FIA MBNA - 37,700 limit (opened 2005) - 0% util

Chase No. 1 - 500 limit (opened 1994) 0% util 

Chase No. 2 - 19,500 limit (opened 2007) - 0% util

Citibank - 37,300 limit (opened 2006) - 56% util

Duck card - 20,000 limit (opened 2013) - 0% util

Amex 1 - 500 limit (opened 2007) 0% util

Amex 2 - 9,500 limit (opened 2007) - 0% util

Discover - 13,300 limit (opened 2001) - 0% util

Overall utilization is anout 16%

I have a fair amount of older open student loan accounts and mortgage going back over 10 years. 

Current myfico scores:  Exp 829, Eq 782 and Tu741

In addition to the score, I am also concerned that having two low limit cards will make a bank pause when deciding whether to give me any new  high limit card.

I am not interested in adding any cards unless they have a starting credit line of at least 20k or 30k.

Any advice from the group on whether I should close that 500 limit amex and chase card? They do not have AFs

Thanks

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Considering that you have High CLs already, Most Banks and Lenders would have no problems giving you credit unless you have too much available credit (rarely happens) Although you have a couple of 500 cards, yo also have cards with each of the prime lenders for over 5k, I think you're in good shape, it all depends on the small things in your case like UTIL(like that 56% Util on the Citi), AAoA (you're clearly good on this), INCOME (it's not listed so dont know) and INQ (many prime lenders are looking at this as a tell tale sign of debt seeking)

[lg8302ch]

Congrats...wow..I think this is the highest starting limit I have seen