04-01-2013 07:40 AM
It's so easy to close accounts with them. Just go through their automated system. No need to speak to agent trying to sell you on the benefits of keeping it open or any such nonsense. just a few prompts and bam! done. Even got a faxed confirmation that it's closed.
04-01-2013 07:47 AM
Wasn't my goal with my Express, Jcrew and victoria's secrets cards. I just wanted them close quickly and easily.
Now, perhaps something like my very old cap1 card, yes, I'll go for a CLI when I call to close that once I get the US Cash+ card. If they give me another CLI and APR reductions, I'll go for it and keep them.
04-01-2013 10:20 PM - edited 04-01-2013 10:21 PM
Why would you close the CapOne account NJ? Don't ruin your AAoA. Yeah, I know it'll keep reporting for 10 yrs, but then you'll take a hit then after the fact. At the very least SD it. Talk to the EO office, if you don't get what you want they'll definitely manage to meet you half way. Also, they're really nice folks.
04-01-2013 10:22 PM
04-01-2013 11:37 PM
Closing accounts doesn't hurt your AAoA.
This is not entirely correct. It will still show on your credit reports for UP TO 10 years. Once it drops off, it will affect your AAoA.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.