topic Re: Closing J Crew and Express Credit Card? in Credit Cards

Closing J Crew and Express Credit Card?

Puertorican_COP — Wed, 18 Feb 2015 16:19:10 GMT

Hello I am wondering if i close my J crew and Express Credit Card will it affect my annual age of credit or will it make it go up since those two accounts are closed?

They are my smallest credit lines that I dont use at all. Did the shopping cart trick for them.

Also will my credit score go down for closing these two small lines? I got over $25,000 in credit lines.

Re: Closing J Crew and Express Credit Card?

Anonymous — Wed, 18 Feb 2015 16:21:10 GMT

Your AAoA won't change as they will continue to report for 10 years. I don't think it will do much for your util as long as you don't carry large balances.

Re: Closing J Crew and Express Credit Card?

Creditaddict — Wed, 18 Feb 2015 16:29:57 GMT

could try the CLI button for Jcrew and you might find it goes to $4k+ by just continueing to hit the button!

but otherwise no, AA will not change

Re: Closing J Crew and Express Credit Card?

gwizdak24 — Wed, 18 Feb 2015 16:30:40 GMT

two years ago I closed walmart, gap, jcrew, v.s and express. All at once. It did not affect my AAOA. Hope that helps.

Re: Closing J Crew and Express Credit Card?

Anonymous — Wed, 18 Feb 2015 16:35:34 GMT

Credit addict is right. I followed his advice on another thread and cli'd j crew from 450 to 4450 in about 5 minutes, 200 bucks at a time.
is 4k some sort of internal limit - most they'll do at once? I could have saved a tree and a stamp by stopping after 4k if I knew. Half expected it to reach a million at the rate it was going.

Re: Closing J Crew and Express Credit Card?

App_Addict — Wed, 18 Feb 2015 16:38:49 GMT

Jcrew is such an awesome grower, I would hold on to that one for that very reason!

Re: Closing J Crew and Express Credit Card?

Puertorican_COP — Wed, 18 Feb 2015 16:42:07 GMT

So my annual age of credit will stay the same even if i close the accounts because they will pop up on my credit report?

how to fix your annual age of credit? and what impact does it have on your credit score? At the moment it stands at about 4.5 yrs

Re: Closing J Crew and Express Credit Card?

mongstradamus — Wed, 18 Feb 2015 16:55:05 GMT

@Puertorican_COP wrote:
So my annual age of credit will stay the same even if i close the accounts because they will pop up on my credit report?
how to fix your annual age of credit? and what impact does it have on your credit score? At the moment it stands at about 4.5 yrs

this is one of the reasons why doing shopping cart trick can sometimes not be so good for your credit. You do get cards with only sp but the damage to your AAOA is irreversible. the damage to your AAOA for cards you will probably never use hurts.

Re: Closing J Crew and Express Credit Card?

skigirl916 — Wed, 18 Feb 2015 16:58:48 GMT

You improve your AAoA by not getting any new credit. Closing cards doesn't affect AAoA. Like the above poster said, getting new credit irreversibly damages your AAoA.

Re: Closing J Crew and Express Credit Card?

Puertorican_COP — Wed, 18 Feb 2015 16:59:24 GMT

If I close the cards how long do they take to remove off your credit report?

Re: Closing J Crew and Express Credit Card?

newhis — Wed, 18 Feb 2015 17:18:31 GMT

@Puertorican_COP wrote:
If I close the cards how long do they take to remove off your credit report?

I believe is 10 years

Re: Closing J Crew and Express Credit Card?

Outdoorstech1 — Wed, 18 Feb 2015 20:36:05 GMT

My Jcrew limit is $8,800. Keeping that one for sure!

Re: Closing J Crew and Express Credit Card?

Anonymous — Wed, 18 Feb 2015 21:57:58 GMT

Will be closing my amex green soon too

Re: Closing J Crew and Express Credit Card?

ddemari — Thu, 19 Feb 2015 01:04:47 GMT

I wouldnt close jcrew. I get a cli from them every month. Between 300-600 sometimes times 2! If u really want to close something, close express and keep jcrew open imho

Re: Closing J Crew and Express Credit Card?

thmgoodw — Thu, 19 Feb 2015 01:38:19 GMT

in less than 8 months I have taken my J Crew card from something like 500-700 to 9700!! 8 months ago I went in and one night kept on hitting the CLI request until I got the 7-10 day wait message. 5 minutes of my time resulted in a 5300 limit. I did the same thing last month, and took it up to 9,700!! It is now my highest card in my portfolio.

Re: Closing J Crew and Express Credit Card?

thelethargicage — Thu, 19 Feb 2015 01:56:30 GMT

@Puertorican_COP wrote:
Hello I am wondering if i close my J crew and Express Credit Card will it affect my annual age of credit or will it make it go up since those two accounts are closed?
They are my smallest credit lines that I dont use at all. Did the shopping cart trick for them.
Also will my credit score go down for closing these two small lines? I got over $25,000 in credit lines.

You know what they say--the only good Comenity card is a closed Comenity card. Go ahead and close them. Your credit score should be fine as long as your utilization on your other cards is under 10%.

Re: Closing J Crew and Express Credit Card?

Anonymous — Thu, 19 Feb 2015 03:38:28 GMT

Why close them. Especially J Crew. You really don't have that strong of a credit profile to be eliminating cards.

I could see it if you had 8-10 major cards with 5-10 k or more in limits opened for 4-5 years. With your file I would keep them and let them grow. Hit the cli button on J Crew monthly and make a small purchase periodically.

Just my opinion.

Re: Closing J Crew and Express Credit Card?

skigirl916 — Thu, 19 Feb 2015 03:53:28 GMT

@Puertorican_COP wrote:
If I close the cards how long do they take to remove off your credit report?

10 years.

Why would you close them? Neither has an AF, and they grow. There's no reason to close them.