Closed credit card

[Anonymous]

I use to have this same thought that your mom had.  I was too scared to open any CCs.  Now I use my CC for every purchase and just pay it off at the end of the month. 

[gdale6]

Two threads have been merged into one.

[thummel]

Irunfromcredit if OP didn't need the credit this thread wouldn't have been created to begin with.

[RonM21]

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@Pway wrote:

You have done these three things when you opened and closed that account:

1. AAOA, decrease

2. Taken 3 HP from Capital One

3. That tradeline will remain on your reports for 10 years whether it is opened or closed.

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You certainly should do what's best for you. Me personally, these 3, especially the HP one, would have made me keep it. But again, it's all about your preference.

[Anonymous]

Is my credit going to be negatively affected from me closing account? I literary closed the account within 15 minutes of me opening it...no charges on it at All. I have one other closed credit card account that i closed asap also two years ago because rewards weren't as great as I thought. All my other loans/credit cards are paid on time no lates what so ever.

[lord_kinbote]

Why are you asking this question again? It was answered multiple times yesterday.

[Anonymous]

I just wanna be sure. I feel like everyone's credit is different that's why. I shouldn't have opened the new card and canceled but I did it anyway.

[lord_kinbote]

Well the answer did not change overnight. The same impacts;

1. 3 hard pulls
2. AAoA reduced due to new trade line

Short term impacts, but what's done is done.

[Anonymous]

Good...as long as my score doesn't dramatically change I'm fine. My aaoa will go back up over time and payments will help. Thank you again !