@Anonymous wrote:
Since I have made some significant gains in my overall credit and have a better understanding of such, Credit One is OFFICALLY coming out of my wallet. Never to be used again. I think that Credit One served a purpose for me when I needed them, but it is time to punt.
However, here's the problem. Because of their month credit card fee(instead of annual) I am being charged $8.25 per month. If I close the account it, though still showing for ten years, will it have any adverse effect on my scoring?
You can always call and inform them that you're considering closing the account due to the AF. They will most likely waive it for 6 months; many of us had success with that. Then you can have a zero balance post and close it at any time before the AF is due to come back.
In any case, account closures can impact UTIL, but won't affect AAoA for ~10 years, when it falls off CRs.
Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
