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Established Contributor
Posts: 710
Registered: ‎06-01-2012
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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
Posts: 1,228
Registered: ‎05-10-2012
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Re: confused about AAOA

Utilization 

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Contributor
Posts: 710
Registered: ‎06-01-2012
0

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
Moderator
Posts: 15,198
Registered: ‎07-14-2009
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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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