cancel
Showing results for 
Search instead for 
Did you mean: 

Closing CC

tag
Anonymous
Not applicable

Closing CC

Hi All,
I'm fairly new to the board and just became familiar with the term AAoA. I've done a search and have gotten a ton of hits in trying to find the answer to my question.
1).Recently successfully dackdated my Amex membership since to 1996. Will my credit score get better and AAoA look older?
2).I'm not using US bank cash rewrards (11/1/2012), Paypal smartconnect (12/1/2011),Alliant CU reward (2/1/2013).
Should i close this accounts? How is it gonna effect my credit score and AAoA age ?

Thanks
Message 1 of 5
4 REPLIES 4
shols44
Frequent Contributor

Re: Closing CC

If they don't have annual fees, I would keep them open. You need more than one card to keep your credit profile robust. Backdating to 96 will definitely boost your AAoA and you might see a bump score wise. 


Starting Score: 501
Current Score: 754 EQ,TU 745,EX 750
Goal Score: 800

Message 2 of 5
SpiceIslander
Frequent Contributor

Re: Closing CC


@shols44 wrote:

If they don't have annual fees, I would keep them open. You need more than one card to keep your credit profile robust. Backdating to 96 will definitely boost your AAoA and you might see a bump score wise. 


Fully agree! Welcome to the forums, OP!

Meg.

FICO: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Message 3 of 5
Anonymous
Not applicable

Re: Closing CC

These accounts new tradelines average 1year old . With 17 years old Amex .These new tradelines degreases my AAoA .
What do you think ?
I have total 12 active tradeline
Thanks for a respond
Message 4 of 5
09Lexie
Moderator Emerita

Re: Closing CC

Welcome to the forum. Closed TLs can report up to 10 years. So closing them will only affect your util.
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.