Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
Re: Closing Accounts

cowgirl79 wrote:

My other question is that if I close these other accounts that are only a few months old, will that help increase my AAoA or lower it? I know thats a factor too.


Robert's right.  Closing accounts doesn't affect AAofA.  AAofA is calculated using all the accounts on your CR (except, I believe, Collection Accounts). 

It is calculated from open date to current date whether the account is open or closed. 

 

Here's a helpful link on closing accounts (it's also sticked at the top of the Credit Cards forums:  

Just puttin' syrup on something, don't make it pancakes.