closing accounts thats brand new

[jayrock24]

whats the difference between closing an account thats 1 month old and an account thats 12 months old as far as aaoa is concerned im planning on closing to new accounts how will this effect my score and or aaoa thanks

[pizzadude]

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@jayrock24 wrote:

whats the difference between closing an account thats 1 month old and an account thats 12 months old as far as aaoa is concerned im planning on closing to new accounts how will this effect my score and or aaoa thanks

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AAoA includes all accounts, either open or closed.   So you might as well leave them open unless they have annual fees.  

The main issue with closing credit cards is the effect on your revolving utilization.    If your revolving utilization increases as a result of losing the credit limits then your FICO score might be lowered.    See this link:    http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/td-p/347190