I was recently approved for Amex BCE and Citi Double Cash this week with some pretty high limits. Since I now have these cards and anticipate using them for the rewards features, I would like to – slowly – get rid of the cards that I’ve picked up over the years when I was rebuilding my credit.
I’m thinking about starting with a really old one. It’s a Barclay Barnes and Noble MC (and the program isn’t even offered by B&N anymore, it’s that old) with only a 500 buck limit. I’ve tried over the years to get CLIs on this and they’ve always turned me down with a flat “no”. The APR is horrendous, too, at 24.99. I don’t use it anymore (haven’t used it in 2 years), there aren’t any B&N stores near me anymore anyway, and don’t anticipate ever using it again.
The only thing stopping me from outright closing it is that it’s one of my oldest cards. I could only find online statements going back to December of 2009 and I suspect it’s even older than that (possibly 2007). I have only one other account that might be older than that, so I’m concerned that it’s going to hit my AoAA pretty badly. I think that there’s an AF on this too, but it’s in the form of a B&N membership – if I had a location near me I wouldn’t fuss about it but I don’t and I’m honestly just thinking I’m not ever going to use this card again.
Thoughts? Opinions?
Thanks in advance. 