I have a capital one platinum secured card that I have had for a long time. When I started down my re-building journey, I made a deposit on the card of $2,000 in order to help my UTIL. I have not put anything on the card in a super long time, maybe once a year I will use it just for the sake of avoiding it being closed for non-use.
Seeing as its a secured card with a deposit on file, would they ever just close it down and send me a check for $2,000 without me actually closing the account?
Additionally, if I do close the card would it negatively impact my AAOA? Or would the closed account just be on my report for 7 years still giving strength to my file.
Thanks in advance!
I'm not sure what Cap One's policy is regarding account closures on secured cards, but if they *were* to close it/you were to close it, no, your AAoA wouldn't be affected, as closed accounts in good standing will remain on your reports for up to 10 years.
Great, Thank you!