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Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012

confused about AAOA

so Ive read different things about AAOA, but If I close a card that wont mess with my AAOA, right? If charge-offs factor into your AAOA then so would a closed CC, I would think. So what are the general negatives of closing a card?

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012

Re: confused about AAOA

Utilization 

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012

Re: confused about AAOA

Id be ok using that, I pay them off monthly now that I know the billing cycles so if thats my only drawback of closing I might do that soon on a secured card I have.

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
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MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: confused about AAOA


jcstarkey8826 wrote:

so Ive read different things about AAOA, but If I close a card that wont mess with my AAOA, right? If charge-offs factor into your AAOA then so would a closed CC, I would think. So what are the general negatives of closing a card?


Here is an excellent thread about Closing Credit Cards.


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