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No AF Credit Card Cancel or No???

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Regular Contributor

No AF Credit Card Cancel or No???

So I have a lot of store cards and even some credit cards that have no AF. Some cards I use every now and then like my JC Penny Card and Bell, but others like Mattress Firm I only used once and prob won't need again for a while.

Since these cards I dont use have no AF, I dont see them hurting me as a lot of them are my base for AAoA. I see a lot of post saying I ahould cancel cards I dont use, and others that say its no point to cancel if they habe no AF, just use once every 6 months to ensure they stay active and let your AAofA grow.

What do you all think?
ETFCU Auto Loan - NFCU CLOC $15k

In My Wallet:

NFCU Flagship Visa $17k
ETFCU Prim Plus MC $5k
NFCU More Rewards Amex $3k
Amex Marriot Business Bonvoy $3k
DiscoverIT $2.2
Amex Hilton Honors $1k

Dresser Wallet:

Wayfair $9k
JC Penny $6k
Walmart $3k
Zales $2.45
Belk $1.5k

Business Accounts:

Amazon Corporate $4.5k
Fuleman Fleet $1.2k
BP Business Solutions $1.2k
Staples $1k
Office Depot $1k
Quill $0.1k
Uline $0.1k

Sock Drawer:

CapOne QS1 $1.55k
Merrick Bank $1.4k
Amex Delta Blue $1k
USAA Classic Amex $0.5k
CarCare $0.5k
PayPal MC $0.3k
Target $0.3k


Best Buy Visa $4k (AA)
Sportsman Guide Visa $2.5 (AA)
Citi AAdvantage $2.5k (AA)
Mattress Firm $1.5k (Closed for no activity)
Finger Hut $1k (Closed for no activity)
Home Depot $0.5k (AA)
Shell Gas $0.5k (AA)
CapOne Platinum $0.7k (Combined into QS1)
Credit One MC $0.45k (Closed)
Credit One Visa $0.8k (Closed)
First Premier Visa $0.7k (Closed)
Indigo $0.3k (Closed)
Avant $0.3k (Closed)
Message 1 of 4
Super Contributor

Re: No AF Credit Card Cancel or No???

It seems unlikely you would find a good reason to use Mattress Firm every 6 months, so that seems an easy close decision.

It looks like your rebuild has started, making good progress. I would not close cards too quickly until I started to get CLI on regularly used cards like AMEX.

As time goes on it will certainly make more sense to close more of the store cards.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 2 of 4
Established Contributor

Re: No AF Credit Card Cancel or No???

Closed cards will continue to show on your credit reports up to 10 years, so you won't see any score drops due to account ages from closing accounts, at least not right away.  By the time they've dropped off, the accounts you've kept open will also have aged 10 years.


Your total available credit will drop, which can impact scores by making utilization go up if you have balances reporting.


With no annual fee cards, it's up to you.  I could see closing cards you know you'll never use again, like Mattress Firm, but maybe close them gradually, like one every 3 months or something.  Start with the lowest limits or the cards you're least likely to use again.  That way you don't have multiple accounts dropping off your reports at the same time in 10 years or so.  Also, if you close several at once, and someone reviews your report (either when applying for new credit, or in an account review), they might wonder why you closed so many at once.


TCL: $4,000. $500 in wallet, remainder locked away to limit spending.

FICO October 2018: EX 792 (10/11), TU 816 (10/19)
FICO November 2018: EX 792 (11/10) 779 (11/22), TU 805 (11/19)
FICO December 2018: EX 795 (12/20), TU 816 (12/19)
Message 3 of 4
Mega Contributor

Re: No AF Credit Card Cancel or No???

As I have said (too many times!) when this topic comes up:  IMO the problem is that the advantages and disadvantages on each side are very SMALL, and this seems to generate all the heat that comes up in the discussion.


I classify the positions as:

1) Keep what doesn't do (much) harm.   No AF, continues to age adding to AAoA and thus score, adds to total CL helping util (very minor for typical starter store cards), might need one day (move, sudden need for item) or "bad" card could improve and become useful.


2) Drop what isn't useful:   Too much work (and loss of rewards on better cards) to keep lots of useless cards alive, increase in potential fraud risk (have to periodically check unused accounts), too much "clutter", some concerns about toy cards looking bad on CR


Again, most or all of this is small, each a non-issue to different people.   And I guess that's to be expected: if there was an obvious reason, e.g. having the Barclays Uber guarantees happiness, there wouldn't be so much discussion.

Message 4 of 4
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