05-07-2010 12:08 PM - edited 05-07-2010 12:14 PM
I got a Zales Credit Card back in 1998. Currently it is my oldest card. For years I thought the account had been closed since Jewelers National bank had closed. My CR's show this account as open with a $1200 limit, $0 balance. Do I mess with this or should I just leave it? The $1200 limit really helps with my utilzation numbers and this is a card in good standing and again, my oldest card, so my AAoA could take a hit if I do anything regarding this card that could have it removed from my CR's. The card hasn't been used in 10 years. I tried to look up my account on the Zales website and it wasn't found so I can't use this card. Not sure what to do about this.
05-07-2010 02:02 PM
If its only doing good, then leave it. I have a card with WFFNB that is my oldest card and has a 0 balance, and decent credit line. I closed it years ago but since its my oldest card and has no balance I dont touch it. Keeps my AAoA high.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO