Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
Re: Cancelling Credit Card

Positive closed accounts will continue to remain for 10 years from the date of closure, generally. There's no fixed rule on the length of reporting but 10 yrs is a guideline. So, if you close it it will continue to show on your CR and will continue to age and still will be included into your AAoA. Remember, AAoA is the average age of ALL of your OC accounts, whether opened or closed, good or bad. In your example, if you only have 4 accounts, your average would be 3 years, vs. 3.5 yrs, because FICO rounds AAoA down to the nearest whole number.