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?
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.