I'm thinking about closing my 3 months old capital one journey card since it only has a $300 CL. The only reason I applied for that card is because I thought they offer free credit monitoring, but found out it was just creditkarma. My question is if I closed this card does it keeps reporting for ten years before it gets deleted and does my aaoa go down by 3 months or the 10 years after it gets deleted?
What you guys think? Close or No Close
My accounts:
Well Fargo CCB - 1500
Citi Forward - 2000
Discover It - 1000
Cap 1 Journey - 300
Amex Green - NPSL
Amex BCE - 2000 (Hoping to get the 3xCLI)
$5k
$4.5k
$2.8k
$8k
$500
Your future AAoA will be determined by the rest of your future cards. In 10 years, this dropping off likely won't have an impact. But I think you should keep it open.
Starting Score: 515I think closing it will be my best bet since Cap1 usually don't CLI. I'm just not sure if closed account "continues to age." Ex: If you had a account for 2 years, then closed it 3 years ago, is this account 5 or 2 years old?