Closed accounts factor into AAOA the same as open ones.
Closing it is a non-event other than it starts the ~10 year clock running for when it will fall off your credit report.
From what you describe I'd simply close it, you don't need it and while there is a time and a place for AF's it isn't this one from the sounds of it. I still do keep my $25 AF Zync around for the simple reason of short of a BK or Amex going out of business, it's unlikely to be taken away from me ever unlike some of the other cards I keep open and age of oldest account is a thing for maxing the scorecard, but even with my current file only dating back 10 years, I'm close enough to kiss 800 anyway on FICO 8 where I'm clean(ish) and that's with some things not pretty (CFA / inquiries / installment utilization) on my report too.
@jamie123 wrote:
@Revelate wrote:Closed accounts factor into AAOA the same as open ones.
Closing it is a non-event other than it starts the ~10 year clock running for when it will fall off your credit report.
From what you describe I'd simply close it, you don't need it and while there is a time and a place for AF's it isn't this one from the sounds of it. I still do keep my $25 AF Zync around for the simple reason of short of a BK or Amex going out of business, it's unlikely to be taken away from me ever unlike some of the other cards I keep open and age of oldest account is a thing for maxing the scorecard, but even with my current file only dating back 10 years, I'm close enough to kiss 800 anyway on FICO 8 where I'm clean(ish) and that's with some things not pretty (CFA / inquiries / installment utilization) on my report too.
Besides...Pulling out that white AMEX gets some looks nowadays! I know, I also have a Zync and am keeping it just for those looks it gets!
(I can't tell you how many waitresses I've seen turning it over in their hands as they are walking back to the register, probably wondering what kind of AMEX it is!)
Laugh, it's been a while since I did that but whenever I wind up in a new gig (and wind up eating out 10 more times a week than I do now again) I may play that card too.