@Anonymous wrote:i have had it for over a year , I used it once to buy a $20 book ! I really don't see my self purchasing anything else from Amazon ., and now that I have 7 other credit cards I really don't see much uses to it besides aaoa my oldest account is 2.8 and its a citi card ., that amazon card Ive had since sept 2013 I have chase freedom and discover that offer cash back bonus on Amazon every year ... What do I do !? Does having a store card ding my score or help it !???
You should maintain 1 store card for mix of credit it gives you a little boost for having one. I would not close it till it passes 24 months of reporting its considered mature by Fico at that point.
@Anonymous wrote:i have had it for over a year , I used it once to buy a $20 book ! I really don't see my self purchasing anything else from Amazon ., and now that I have 7 other credit cards I really don't see much uses to it besides aaoa my oldest account is 2.8 and its a citi card ., that amazon card Ive had since sept 2013 I have chase freedom and discover that offer cash back bonus on Amazon every year ... What do I do !? Does having a store card ding my score or help it !???
Keep the card... it does not hurt your credit.
You only have 7 cards; it's not like you have 17. It's one of your older cards and will just keep getting older which is a great thing for cards.
People say "closed accounts will report 10 years". I say, why not let it ride 5 years and let Amazon close it themselves. So instead of getting just 10 years worth of reporting, you've gotten an additional 15 years of positive tradeline, AAoA
Does it make your socks itch when you leave it in the drawer?
Also, login to your Amazon card account and press the request CLI button. It is a soft pull and gives nice increases. If you had been pressing that button every four months since 2013, you'd probably have a $4000 limit on that card by now. 