Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 173
Registered: ‎03-09-2009
0 Kudos

Should I close two cards that I am an authorized user on?

Hey everyone, quick question about credit cards and how it will effect my score in long run. Below you will see all my loans and credit cards that I have up to this point (everything that is on my credit report). Below you will see two credit cards: chase which is my moms and BofA which is my dads. My dads card has an annul fee of 95 and my moms doesn't have any. I am authorized user on both accounts and I am wondering if I should call the credit card companies and take myself off from being the authorized user on both cards. I use most of the cards and always pay the balance in full each month sometimes before they post my balances so non of them carry any balances, I am definitely between 1-9% each month if anything.


If I were to close them I know this will not have  a big impact on my credit score since my utilization will not go up. I am wondering in 10 years when they come off my credit report, how much of an impact will it have on my credit score? Should I close them at least the one with annual monthly fee? My parents might be going back to their place of birth in Europe and I will most likely keep using the cards if I don't close them.


My report says that my oldest account was opened 7 years and 2 months ago and my average age of accounts is 4 years. Please advise me on if I should get rid of them once my parents go back to Europe or should I keep them?

Thanks for all of your help in advance Smiley Happy




Credit Cards:


Macy'sdsnb - account holder: individual - (Macy's store charge) - opened on 3/2009  balance is $0 - not sure about the limit as it is not shown on on credit report.

Amexdsnb   - account holder: individual - (Macy's American express) - opened on 3/2009 - limit $5,000 - balance $0

Care Card - account holder: joint - opened 9/2007 - limit $5,700 - balance $0

Chase (my moms) - account holder: authorized user - opened 12/2003 - limit $6,200 - balance $0

BofA - (my dads) - account holder: authorized user - opened 7,2004 - limit $8,500 - balance 0

BofA - account holder: individual - opened 12/2003 - limit $12,000 - balance $0

BofA - account holder: individual- opened 10/2003 - limit $3,500 - balance $0




Polish/Slavic - personal student loan - account holder:Co-Signer - approved for 75,000 and 6,573 of it is used up to this point. - opened 1/2010 (this is considered as revolving account on my credit report, as the 6,573 is added to my credit card totals (revolving account totals)

AES/PNC - student loan - account  holder: individual - opened 8/2008 - loan for $5,500 - balance $3,926

AES/Keystone - student loan - account holder: individual - opened 8/2004 - loan for $3,500 - balance $2,498

AES/Keystone - student loan - account holder: individual - opened 9/2003 - loan for $2,625 - balance $1,874


Natl Coleg - student loan - account holder: maker - opened 9/2006 - loan for $15,625 - balance $0 (paid off)

AES/PNC - student loan - account holder: maker - opened 9/2007 - loan for $8,633 - balance $0 (paid off)

AESConduit - student loan - account holder: individual - opened 8/2006 - loan for $5,500 - balance $0 (paid off)

AES/Keystone - student loan - account holder: individual - opened 8/2007 - loan for $5,500 - balance$ 0 (paid off)

Natl Coleg - student loan - account holder: maker - opened 8/2005 - loan for $10,526 - balance $0 (paid off)


Car Loan


Toyota Mtr - car loan - account holder: maker - opened 1/2008 - loan for $18,374 - balance $0 (paid off)




Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0 Kudos

Re: Should I close two cards that I am an authorized user on?

In 10 years your other accounts will be older, so it won't make much difference. 


However, do you parents have other credit cards they use?  If they are cash people and your use is the majority of their history,  I would keep using them to keep their history alive and well.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.