05-03-2013 04:26 PM
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?
05-05-2013 02:45 AM
05-05-2013 02:52 AM
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.