No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@kd081708 wrote:Wouldnt it hurt more if I closed them 1 or 2 years from versus now? I think im going to keep them open but Im just curious....
I would just keep them open if for both AAoA and utilization purposes. You may not believe that it plays a role now, but 10 years from now when those accounts start falling off you might wish you hadn't closed them.
I say this because I fell into that fiasco just recently. I had accounts that fell off and dropped my AAoA from 5.2 years to 2.9 years and that came with a huge drop in scores. Had I just held on to those cards instead of following the idea that I didn't need them anymore, I wouldn't have this issue. However that was long before I found this forum so I forgive myslef .
Don't overlook the Helpful Threads sticky. This is linked in it:
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true
And also consider all the usual factors that go into scoring.
@kd081708 wrote:Wouldnt it hurt more if I closed them 1 or 2 years from versus now? I think im going to keep them open but Im just curious....
Nope. The stuff posted prior to your post that I quoted still applies and the date of closure doesn't really change anything. You can try to consider where will be in 10 years after closure but that's probably a pointless endeavor.