topic Re: Closing account won't lower my score? in Understanding FICO® Scoring https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4087111#M95380 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I want to close my oldest credit card account, which is a secured card. I now have numerous unsecured cards with limits thousands of dollars higher than the secured card and have no further use of the secured card. In addition, the creditor who issued the secured card has just approved me for an unsecured card 10X the limit of the secured card. I want to check my facts. Closing the secured card will not harm my FICO score because the account still gets counted in my average age of accounts?</P><HR /></BLOCKQUOTE><P>If it's irrelevant to the revolving utilization (aggregate, numbers of revolving trades with balances) then yeah no problem now, but it starts the 10 year clock for it's falling off which FWIW you should be fine at. &nbsp;</P> Mon, 22 Jun 2015 16:39:57 GMT Revelate 2015-06-22T16:39:57Z Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4086903#M95359 <P>I want to close my oldest credit card account, which is a secured card. I now have numerous unsecured cards with limits thousands of dollars higher than the secured card and have no further use of the secured card. In addition, the creditor who issued the secured card has just approved me for an unsecured card 10X the limit of the secured card. I want to check my facts. Closing the secured card will not harm my FICO score because the account still gets counted in my average age of accounts?</P> Mon, 22 Jun 2015 14:20:44 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4086903#M95359 Anonymous 2015-06-22T14:20:44Z Re: Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4087111#M95380 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I want to close my oldest credit card account, which is a secured card. I now have numerous unsecured cards with limits thousands of dollars higher than the secured card and have no further use of the secured card. In addition, the creditor who issued the secured card has just approved me for an unsecured card 10X the limit of the secured card. I want to check my facts. Closing the secured card will not harm my FICO score because the account still gets counted in my average age of accounts?</P><HR /></BLOCKQUOTE><P>If it's irrelevant to the revolving utilization (aggregate, numbers of revolving trades with balances) then yeah no problem now, but it starts the 10 year clock for it's falling off which FWIW you should be fine at. &nbsp;</P> Mon, 22 Jun 2015 16:39:57 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4087111#M95380 Revelate 2015-06-22T16:39:57Z Re: Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4087385#M95392 <P>Ok thanks!! I thought so but wanted to be sure.</P> Mon, 22 Jun 2015 19:30:23 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4087385#M95392 Anonymous 2015-06-22T19:30:23Z Re: Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4097767#M95723 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I want to close my oldest credit card account, which is a secured card. I now have numerous unsecured cards with limits thousands of dollars higher than the secured card and have no further use of the secured card. In addition, the creditor who issued the secured card has just approved me for an unsecured card 10X the limit of the secured card. I want to check my facts. Closing the secured card will not harm my FICO score because the account still gets counted in my average age of accounts?</P><HR /></BLOCKQUOTE><P>Sounds like you'll be fine but here are some details about <A href="https://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/td-p/347190" target="_blank">Closing Credit Cards</A>.</P> Sun, 28 Jun 2015 19:54:32 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4097767#M95723 MarineVietVet 2015-06-28T19:54:32Z Re: Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4097781#M95725 <P>UPDATE: I did close the account and today received a myFICO alert. The creditor added comment stating "closed by consumer request". There was no change in score. This forum rocks!!</P> Sun, 28 Jun 2015 20:03:29 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4097781#M95725 Anonymous 2015-06-28T20:03:29Z Re: Closing account won't lower my score? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4098038#M95742 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>UPDATE: I did close the account and today received a myFICO alert. The creditor added comment stating "closed by consumer request". There was no change in score. This forum rocks!!</P><HR /></BLOCKQUOTE><P>I have three that have that notation. If gives me pleasure when I read it because they were crap cards and I'm glad they're gone.</P> Sun, 28 Jun 2015 22:48:51 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-account-won-t-lower-my-score/m-p/4098038#M95742 Anonymous 2015-06-28T22:48:51Z