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Close my useless store credit card?

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BeeH11
Regular Contributor

Close my useless store credit card?

Hello!

I have a New York & Company store credit card.  It's has a $600 limit. I just signed in to it and the last time I used it was in 2009. I never shop at that's store anymore. I want to close it and losing $600 in total CL won't really impact my score BUT I am afraid that the AAoA will be negatively affected. It's not my oldest card but it's one of them. I'm not really sure I feel comfortable w/ card that just sits there. Also doesn't it look better if I close it than the bank?

Any thoughts, personal experience, etc... is appreciated. Thanks!

Chase Sapphire Reserve. Chase Freedom Unlimited. Amex Gold. Amex Everyday. Discover It. Capital One QuickSilver. Bloomingdales. Victoria Secret.
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Close my useless store credit card?

Good riddance and good job.

Message 2 of 5
App_Addict
Valued Contributor

Re: Close my useless store credit card?

It won't affect your AAoA, it will report for 10 years and closed accounts count towards your AAoA, so if you do not use, close.

CURRENT SCORES: TU: 698 21 Apps / EX: 644 28 Apps / AAoA: 4.4 Yrs. / Util. 5% / Goal: 750 by 12/22

Message 3 of 5
BeeH11
Regular Contributor

Re: Close my useless store credit card?

Ah, thank you for the clarification!
Chase Sapphire Reserve. Chase Freedom Unlimited. Amex Gold. Amex Everyday. Discover It. Capital One QuickSilver. Bloomingdales. Victoria Secret.
Message 4 of 5
Anonymous
Not applicable

Re: Close my useless store credit card?

close, Close, CLOSE! Smiley Happy

Message 5 of 5
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