Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
Re: Closing Aged Accounts.. Yes It Is Ok


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? 


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.