10-28-2012 07:44 AM
I was just approved for 1000 CL with I Discover It card....I have a HSBC/Cap one Direct rewards Discover with 0 balance ,no fee opened in 2007 Will AAOA take a hit
.....1300 CL...so utlity wise wont hurt but I don need all these cards that I will never use...it was a rebuilder..
I know that my score will take a hit when new accounts hit but in the garden so does not really matter...
10-28-2012 09:25 AM
If there is no fee's i don't see any reason to close it.
If it has no AF then I would just SD it and leave it be. If it has an AF, I would cancel it. It won't affect your AAoA as it will continue to report for 10 years from the date of closing.
10-28-2012 11:19 PM
SD the card and keep it open, will help AAOA!
10-29-2012 12:22 AM - edited 10-29-2012 12:24 AM
I agreed with everything others have said. Never close a no-annual fee credit card except to lower total credit limits.
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