AAoA question

[tryingagain62]

I'm relatively new to this forum (I love it and have learned a bunch so far). I've acquired some new cards recently and I'm thinking of closing a couple of rebuilder/starter cards. First up is an Applied secured card that has a $0 balance, it is also my oldest card. I know that it will stay on my CR for 10 years, but will it affect my AAoA if I close it?

[Anonymous]

I also have a lot of closed accounts on my CR. My AAoA of 12 years is with me having 0 open revolving at the time.

But it should drop next month since I opened 4 new accounts. 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Aged-Accounts-Yes-It-Is-Ok/m-p/15... 

[Edit: I'm not confused anymore]

[SuperKirby]

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@tryingagain62 wrote:

I'm relatively new to this forum (I love it and have learned a bunch so far). I've acquired some new cards recently and I'm thinking of closing a couple of rebuilder/starter cards. First up is an Applied secured card that has a $0 balance, it is also my oldest card. I know that it will stay on my CR for 10 years, but will it affect my AAoA if I close it?

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Does your secured card have an annual fee?

[tryingagain62]

Yes, it has a $39 AF and the CL is $250. I know this card will not increase a lot and I already have cards with much higher limits that will keep growing.

[SuperKirby]

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@tryingagain62 wrote:

Yes, it has a $39 AF and the CL is $250. I know this card will not increase a lot and I already have cards with much higher limits that will keep growing.

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If you have other unsecured cards with higher CL, then just cancel the secured card. The $39 AF is not worth it long term. You already got your foot in the door with unsecured cards.

[Anonymous]

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@tryingagain62 wrote:

I'm relatively new to this forum (I love it and have learned a bunch so far). I've acquired some new cards recently and I'm thinking of closing a couple of rebuilder/starter cards. First up is an Applied secured card that has a $0 balance, it is also my oldest card. I know that it will stay on my CR for 10 years, but will it affect my AAoA if I close it?

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Closing it will not affect AAoA as long as it stays on your CR. There is a possibility that if you apply for any new credit they may frown on the the open accounts being too new. Does your other rebuilder have an AF as well?