Closing credit cards with no activity

[red259]

Some credit cards I don't use at all and keep in SD for a long time. When I close those cards will they still stay on my report for 10 years or is it 10 years from the last reported activity? I was wondering that if I had that situation should I do a small transaction right before I close the account to keep it showing for as long as possible?

[Involver]

10 years from the date they are closed.

[JustinS]

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@red259 wrote:

Some credit cards I don't use at all and keep in SD for a long time. When I close those cards will they still stay on my report for 10 years or is it 10 years from the last reported activity? I was wondering that if I had that situation should I do a small transaction right before I close the account to keep it showing for as long as possible?

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+1 to the date they are closed. Technically I'd think account closure should update the DOLA anyway as that is technically an activity on the account.

[kdm31091]

It will report for ten years after closure. There's very little point in doing a small transaction right before closing. You'd be adding a few days to the account's age at most. I don't even think your credit report lists the age down to days anyway!

[takeshi74]

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@red259 wrote:

When I close those cards will they still stay on my report for 10 years or is it 10 years from the last reported activity? I was wondering that if I had that situation should I do a small transaction right before I close the account to keep it showing for as long as possible?

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As stated above it's from closure.  Individual transactions are not reported to the CRA's.  You can verify by pulling your own reports.