eta:  Darn!  There were about a half dozen posts from the time I started this response til when I posted it.  S-l-o-w morning typer.    Glad MVV has sprightly morning fingers! 

 

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MagicShot wrote:

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Tuscani wrote:

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masdeocho wrote:

OK, tell me if I've got this right:

 

Say I have a five-year old card.  I close it today.  Two years from today, does it count towards my history as a seven-year old card?  It's not frozen in time today when I close it as a five-year old? 

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Yes, it counts towards your history as a seven year old card. And the 10 yr clock for its removal begins on the date you closed it, not when it was opened.

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Is this Still true today as in meaning since the the Credit Card Law went into effect?

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Yes - the credit card law has not affected length of time reporting on your CRA's or how AAofA is calculated.  This is the same as before .