Question about closing oldest CC

[Anonymous]

Hi All, I have a Capital One CC that I opened in 2013 when I first started my credit journey. This card is my oldest open credit card but thanks to student loans I have plenty of older accounts. I have moved on to greener pastures with much higher limits (I've only received one CLI on this card from $300 to $550). It also has an annual fee so I'm thinking of closing instead of SD this card. So my question is since this is my oldest non-student loan account...should I be worried about closing it? I kind of want it gone and want to simplify to a few cards with good limits.

[myjourney]

No Ill affects from closing however if you wish to keep you maybe able to PC to no AF QS

[Anonymous]

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@myjourney wrote:

No Ill affects from closing however if you wish to keep you maybe able to PC to no AF QS

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Thanks for the response! I was just able to PC from Platinum to QS1(this was the only offer on the table) but they wouldn't get rid of the AF....BooHoo

[grillandwinemaster]

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PooPoo81

I kind of want it gone and want to simplify to a few cards with good limits.

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You answered your own question!  If you want it gone, get rid of it. It will continue to age for ten more years. At which point, you will have other, older accounts. 

[myjourney]

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@Anonymous wrote:

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@myjourney wrote:

No Ill affects from closing however if you wish to keep you maybe able to PC to no AF QS

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Thanks for the response! I was just able to PC from Platinum to QS1(this was the only offer on the table) but they wouldn't get rid of the AF....BooHoo

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Then IMHO close it 

Not worth the AF

It will still report for up to 10 yrs as a good TL

[Anonymous]

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@grillandwinemaster wrote:

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PooPoo81

I kind of want it gone and want to simplify to a few cards with good limits.

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You answered your own question!  If you want it gone, get rid of it. It will continue to age for ten more years. At which point, you will have other, older accounts. 

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Yeah... I guess you're right! I just wanted to ask permission, LOL. I also wanted to make sure my FICO score would spontaneously combust from my actions, though I didnt think it would. Thanks!

[Anonymous]

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@myjourney wrote:

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@Anonymous wrote:

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@myjourney wrote:

No Ill affects from closing however if you wish to keep you maybe able to PC to no AF QS

---

Thanks for the response! I was just able to PC from Platinum to QS1(this was the only offer on the table) but they wouldn't get rid of the AF....BooHoo

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Then IMHO close it 

Not worth the AF

It will still report for up to 10 yrs as a good TL

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Thanks, gonna kick this sucker to the curb...

[Anonymous]

Some can popbinto the 800s fico with 2 year old age of accounts so it's not as important as people say… but… Im holding onto my 11yo barclaycard and 21yo jcpenny for now just the same

[BronzeTrader]

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@Anonymous wrote:
Hi All, I have a Capital One CC that I opened in 2013 when I first started my credit journey. This card is my oldest open credit card but thanks to student loans I have plenty of older accounts. I have moved on to greener pastures with much higher limits (I've only received one CLI on this card from $300 to $550). It also has an annual fee so I'm thinking of closing instead of SD this card. So my question is since this is my oldest non-student loan account...should I be worried about closing it? I kind of want it gone and want to simplify to a few cards with good limits.

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It will shorten your AAoA a little, but not much since it is only a 3-year old card.

I've closed a Discover opened back in late 1990s, about 18-year old. Sometime in our life, we need to move on.... 

[My_Fako]

I vote keep it open. 

Close after it hits 5yrs.