topic Close credit card and FICO shot up 16 points! in Understanding FICO® Scoring https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Close-credit-card-and-FICO-shot-up-16-points/m-p/178376#M17240 <DIV></DIV><DIV>I am always hearing that closing credit cards hurts your FICO.&nbsp; I closed a credit card a couple of months ago even though it is the one I've had the longest thereby helping my average age of accounts a lot.&nbsp; When I got an alert today on MyFico it showed&nbsp;that&nbsp;the account has been&nbsp;closed.&nbsp; Also,&nbsp;my score jumped 16 points to 654!&nbsp; What could account for this?&nbsp; Is it the fact that it's&nbsp;a crappy card (Aspire?)&nbsp; I don't have any lates on any of my cards.&nbsp; The balance has been below $10 for the last 6 months so paying it off couldn't have been the boost.</DIV><BR /><BR />Message Edited by madriley on <SPAN class="date_text">03-12-2008</SPAN> <SPAN class="time_text">11:11 AM</SPAN> Wed, 12 Mar 2008 18:11:49 GMT Anonymous 2008-03-12T18:11:49Z Close credit card and FICO shot up 16 points! https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Close-credit-card-and-FICO-shot-up-16-points/m-p/178376#M17240 <DIV></DIV><DIV>I am always hearing that closing credit cards hurts your FICO.&nbsp; I closed a credit card a couple of months ago even though it is the one I've had the longest thereby helping my average age of accounts a lot.&nbsp; When I got an alert today on MyFico it showed&nbsp;that&nbsp;the account has been&nbsp;closed.&nbsp; Also,&nbsp;my score jumped 16 points to 654!&nbsp; What could account for this?&nbsp; Is it the fact that it's&nbsp;a crappy card (Aspire?)&nbsp; I don't have any lates on any of my cards.&nbsp; The balance has been below $10 for the last 6 months so paying it off couldn't have been the boost.</DIV><BR /><BR />Message Edited by madriley on <SPAN class="date_text">03-12-2008</SPAN> <SPAN class="time_text">11:11 AM</SPAN> Wed, 12 Mar 2008 18:11:49 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Close-credit-card-and-FICO-shot-up-16-points/m-p/178376#M17240 Anonymous 2008-03-12T18:11:49Z Re: Close credit card and FICO shot up 16 points! https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Close-credit-card-and-FICO-shot-up-16-points/m-p/178386#M17241 <DIV>Something else must have changed on your report.</DIV> Wed, 12 Mar 2008 18:18:34 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Close-credit-card-and-FICO-shot-up-16-points/m-p/178386#M17241 fused 2008-03-12T18:18:34Z