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AAOA and inactive accounts

Valued Contributor

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?

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

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3 REPLIES
Epic Contributor

Re: AAOA and inactive accounts

Message 2 of 4
Established Contributor

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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Message 3 of 4
Frequent Contributor

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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