@Yankee2 wrote:If it was an non AF card I would ask a lot of questions about your other cards, etc...
But since it's a bucketed AF card, I wouldn't hesitate to close it.... It stays on your credit report for 10 years which allows other cards to age before it falls off.
Thank you, thats the way I'm leaning.
@Anonymous wrote:Can you downgrade it to something without an AF?
No PC available.
@SanDiegoCredit wrote:Just close it. I did the same thing to my oldest 22 year old card last year. Felt good.
This card is 10 years old, I can't wait to 'feel good'!
@sxa001 wrote:If you are unable to downgrade to something without an AF and the card has no value to you anymore I would close it. In 10 years you will have others hopefully that are at least 10 years old. Some people may think that $39 a year (or whatever you are paying) is no big deal but pennies are pennies, I wouldn't pay an AF on a card that I am not benefiting from.
No benefit or use in years. I was holding on to it bcause it was my first card.
@coreysw12 wrote:It would be helpful for us to know what your second-oldest card is. Is it a LOT younger than your oldest card, or was it opened only slightly later?
In my case, it's a terrible idea for me to close my oldest card, because my second-oldest card is 8 years younger. So when my oldest account falls off my reports in 10 years, my credit age will TANK.
But if your second-oldest card was opened only a few months after your oldest, then the hit you'll take in 10 years will be negligible.
Sorry, my next oldest card was opened 10 months later.
@FinStar wrote:
@Streetervillelady wrote:
@coreysw12 wrote:It would be helpful for us to know what your second-oldest card is. Is it a LOT younger than your oldest card, or was it opened only slightly later?
In my case, it's a terrible idea for me to close my oldest card, because my second-oldest card is 8 years younger. So when my oldest account falls off my reports in 10 years, my credit age will TANK.
But if your second-oldest card was opened only a few months after your oldest, then the hit you'll take in 10 years will be negligible.
Sorry, my next oldest card was opened 10 months later.
Just curious. What card or product was this @Streetervillelady?
Capital One
@Streetervillelady wrote:
@FinStar wrote:
@Streetervillelady wrote:
@coreysw12 wrote:It would be helpful for us to know what your second-oldest card is. Is it a LOT younger than your oldest card, or was it opened only slightly later?
In my case, it's a terrible idea for me to close my oldest card, because my second-oldest card is 8 years younger. So when my oldest account falls off my reports in 10 years, my credit age will TANK.
But if your second-oldest card was opened only a few months after your oldest, then the hit you'll take in 10 years will be negligible.
Sorry, my next oldest card was opened 10 months later.
Just curious. What card or product was this @Streetervillelady?
Capital One
Thanks for confirming. I would agree with the others. It's time for Bon Voyage 🛫
@FinStar wrote:
@Streetervillelady wrote:
@FinStar wrote:
@Streetervillelady wrote:
@coreysw12 wrote:It would be helpful for us to know what your second-oldest card is. Is it a LOT younger than your oldest card, or was it opened only slightly later?
In my case, it's a terrible idea for me to close my oldest card, because my second-oldest card is 8 years younger. So when my oldest account falls off my reports in 10 years, my credit age will TANK.
But if your second-oldest card was opened only a few months after your oldest, then the hit you'll take in 10 years will be negligible.
Sorry, my next oldest card was opened 10 months later.
Just curious. What card or product was this @Streetervillelady?
Capital One
Thanks for confirming. I would agree with the others. It's time for Bon Voyage 🛫
A 10 month difference is no difference at all. Close with confidence.
