Chase closed account for inactivity, how will this affect fico?

[Anonymous]

Back ground, I have reasonable good fico score, 730+, a low debt to credit ratio. i got a letter today from chase saying that have closed one of my cc accounts because i did not use it in 24 months. how bad is this going to affect my credit score?  the limit was about $2,800.

[Anonymous]

The immediate effect it may have, is if your UTL goes up because of it. The account will continue on your reports for 10 years. When it falls off, then the AAoA could be affected if this was your oldest account and that may cause a decrease in your FICO scores.