Recent approval of Discover IT ....should I close ???

[amercnchopz34]

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...

thanks

[Cadillac-XTS]

Congrats on the cli

[Mike360]

If there is no fee's i don't see any reason to close it. 

[jsucool76]

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@Mike360 wrote:

If there is no fee's i don't see any reason to close it. 

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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. 

[migliogiorni]

SD the card and keep it open,  will help AAOA!

[HiLine]

I agreed with everything others have said. Never close a no-annual fee credit card except to lower total credit limits.