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Valued Contributor
p-
Posts: 2,612
Registered: ‎06-05-2008
0

AAOA and inactive accounts

I'm an AU on my wife's Sears card, which is about twice the age of my oldest credit card.  The account is open and has a tiny CL, so it sits in the sock drawer unused.  If it had a high limit it would be worth using once in a while so it helped utilization, but the whole CL is less than 1% of our total credit, so there's no point.

 

My question:  As this card is unused and thus likely inactive, will it continue to calculate in our AAOA?  Or should we use it once a year to keep it in the mix?  I would close it altogether if it wasn't for the AAOA benefit.

 

What do you think?

  8-12-14: FICO EXP: 797 - EQU: 734 - TRAN: 739 - AVG: 757 - +207 points from JUN 2008 - MY CREDIT JOURNAL

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
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Re: AAOA and inactive accounts

Established Contributor
CashOnDelivery
Posts: 502
Registered: ‎04-17-2013
0

Re: AAOA and inactive accounts

Curious, if you close a CC does it still "age" after you close it? Or does it only count whatever the length was when it was closed?

2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Frequent Contributor
OhioCPA
Posts: 459
Registered: ‎03-29-2011
0

Re: AAOA and inactive accounts

it's the date opened that factors into AAoA for both open and closed accounts. So yes, a closed account will still "age" with regard to AAoA.

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