Closed my Secured card after 2 denials to insecure.

[Florida1990]

I am happy I closed my account with US bank they would not let me get a unsecured card even after I met the new requirments score wise and removed a baddie. Oh well got Capital One 1,500 journeys unsecured. Now send me my check US bank!

[taxi818]

Congrats. but was that your oldest account?

hmmm

[jsucool76]

Even if it is the oldest acount, it will remain on the reports for 10 years. The only thing to be immediately affected would be utilization. 

[Florida1990]

No my capital One secured card is my oldest account I did have the card for about two years maybe more but I realize I do not want to keep paying a AF plus the card had no rewards.

[taxi818]

Yes it will stay on 10 years but aa of a is affected. but his siggy says it all. it is so low. it will not hurt util.

[jsucool76]

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@taxi818 wrote:

Yes it will stay on 10 years but aa of a is affected. but his siggy says it all. it is so low. it will not hurt util.

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Yes, but AAoA won't be affected until 10 years from now. 

[jamesdwi]

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@jsucool76 wrote:

Even if it is the oldest acount, it will remain on the reports for 10 years. The only thing to be immediately affected would be utilization. 

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+1

closed accounts stay on Credit reports for upto 10 years, its only FAKO scores that don't count closed accounts.