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quicksilver one being my longest credit card history

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mikey78
Frequent Contributor

quicksilver one being my longest credit card history

hello it's been a long time

 

since the last time i wrote on here my debt has gone up considerably but i guess that's a topic for another day

 

question is I have 7 Cards now

Capital one Quick Silver one

BofA Cashback

American Express Blue

Citibank blah blah blah.. out of all the credit cards only QUick Silver one is the only one im paying Annual Free

if i close QS One my Credist age drops alot  should i keep the Card to maintain my Average age of credit?

 

 

 


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: quicksilver one being my longest credit card history

If you close it, your AAoA won't drop. It will remain in your report for 10 years and be figured in to the calculation.

Message 2 of 4
stellar
Established Contributor

Re: quicksilver one being my longest credit card history

Change the card to one with no annual fee...you can do this on CapOne's website.  Or ask them to waive the annual fee.

Message 3 of 4
takeshi74
Senior Contributor

Re: quicksilver one being my longest credit card history


@mikey78 wrote:

if i close QS One my Credist age drops alot  should i keep the Card to maintain my Average age of credit? 


Answered above but you can also refer to resources such as the Closing Credit Cards thread linked in the Helpful Threads sticky in the Credit Card subforum.

Message 4 of 4
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