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I really need some insight on this so credit gurus please help:
i currently want to close my amex green charge as i do not use it often most of my amex spendings goes through Amex gold.
my annual fee hits about september
due to all my recent approvals my AAoA is about 1.5 years.
is closing my amex green charge take a big hit on my AAoA ? my oldest acct is from 2009 (cash rewards)
any cons to closing an acct so early before the year mark ?
please all the insight will be welcomed!
whats the best way to close this account via chat or should i call ?
@Anonymous wrote:I really need some insight on this so credit gurus please help:
i currently want to close my amex green charge as i do not use it often most of my amex spendings goes through Amex gold.
my annual fee hits about september
due to all my recent approvals my AAoA is about 1.5 years.
is closing my amex green charge take a big hit on my AAoA ? my oldest acct is from 2009 (cash rewards)
any cons to closing an acct so early before the year mark ?
please all the insight will be welcomed!
Closing there will not affect your AAoA at all. The trade line will stay on your reports for 10 years. There is absolutely no reason to keep the green card open when you have the PRG
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true
Close it in August
I agree with sccredit. Since your annual fee is paid until September, close the card in August so this account will remain on your reports until August 2025, instead of February 2025.
Otherwise, just to get it out of your hair...close it anytime before September to avoid that AF.
will that be seen by lenders as a negative sign or it does not matter much as far as a closed account?
@Anonymous wrote:
@Anonymous wrote:I really need some insight on this so credit gurus please help:
i currently want to close my amex green charge as i do not use it often most of my amex spendings goes through Amex gold.
my annual fee hits about september
due to all my recent approvals my AAoA is about 1.5 years.
is closing my amex green charge take a big hit on my AAoA ? my oldest acct is from 2009 (cash rewards)
any cons to closing an acct so early before the year mark ?
please all the insight will be welcomed!
Closing there will not affect your AAoA at all. The trade line will stay on your reports for 10 years. There is absolutely no reason to keep the green card open when you have the PRG
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true
my biggest question was the AAoA but if closing now or in agust ill just close in august
@Goblin wrote:I agree with sccredit. Since your annual fee is paid until September, close the card in August so this account will remain on your reports until August 2025, instead of February 2025.
Otherwise, just to get it out of your hair...close it anytime before September to avoid that AF.
@Anonymous wrote:will that be seen by lenders as a negative sign or it does not matter much as far as a closed account?
@Anonymous wrote:
@Anonymous wrote:I really need some insight on this so credit gurus please help:
i currently want to close my amex green charge as i do not use it often most of my amex spendings goes through Amex gold.
my annual fee hits about september
due to all my recent approvals my AAoA is about 1.5 years.
is closing my amex green charge take a big hit on my AAoA ? my oldest acct is from 2009 (cash rewards)
any cons to closing an acct so early before the year mark ?
please all the insight will be welcomed!
Closing there will not affect your AAoA at all. The trade line will stay on your reports for 10 years. There is absolutely no reason to keep the green card open when you have the PRG
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true
No, not at all
Thank you for the link.. good stuff!
@Anonymous wrote:
@Anonymous wrote:I really need some insight on this so credit gurus please help:
i currently want to close my amex green charge as i do not use it often most of my amex spendings goes through Amex gold.
my annual fee hits about september
due to all my recent approvals my AAoA is about 1.5 years.
is closing my amex green charge take a big hit on my AAoA ? my oldest acct is from 2009 (cash rewards)
any cons to closing an acct so early before the year mark ?
please all the insight will be welcomed!
Closing there will not affect your AAoA at all. The trade line will stay on your reports for 10 years. There is absolutely no reason to keep the green card open when you have the PRG
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true