First Premier stay or cut?

[smoop88]

first premier is my oldest card I have had it since 2009 my AAOA is 1.2 or 1.6  months something like that. I'm really tired of them just being a customer is not worth it anymore. If I cut them loose how bad will I drop?

[Anonymous]

Probably not much if any. I just dropped my cap 1 platinum. It was totally useless to me.

[Creditaddict]

---

@smoop88 wrote:

first premier is my oldest card I have had it since 2009 my AAOA is 1.2 or 1.6  months something like that. I'm really tired of them just being a customer is not worth it anymore. If I cut them loose how bad will I drop?

---

If you don't need the credit limit to help your utilization you won't see any change in score because of closure... it continues to report for 10 years as positive account... CLOSE IT!

[My_Fako]

What's your second oldest open account? 

[smoop88]

So in the aaoa do they calculate closed accounts my next oldest one would be well about 9 months old

[smoop88]

What do u mean 10 years? Sorry i never studied much on asoa all i know is its like 15 or 10 percent of ur score

[Creditaddict]

---

@smoop88 wrote:
So in the aaoa do they calculate closed accounts my next oldest one would be well about 9 months old

---

yes closed accounts.

[Creditaddict]

---

@smoop88 wrote:
What do u mean 10 years? Sorry i never studied much on asoa all i know is its like 15 or 10 percent of ur score

---

positive reporting accounts will continue to report for 10 years on your credit report.

Negative accounts typically drop after 7 years.

[smoop88]

Wow!! Never knew that

[CYBERSAM]

---

@smoop88 wrote:

first premier is my oldest card I have had it since 2009 my AAOA is 1.2 or 1.6  months something like that. I'm really tired of them just being a customer is not worth it anymore. If I cut them loose how bad will I drop?

---

Kill it!

I can't believe you kept it for this long! Subprime cards like that NEVER grow, and they have unjustifiable fees.

The fact that you have recognized, its time for First Premier to go, it means you’re in the right path.

You also may want to reevaluate other store cards that you got! They do noting for you, having high interest rate with low CL, every time you buy a pants or something their utilization goes up and it hurts your score!

Just work on your QS1 and DISCOVER(try CLI if you been using it), at least you get rewards back and in few months they would give you CLI with SP that doesn’t hurt your score!