Want to close an account and have a question

[txgal73]

My journey started end of 2015 when basically had no credit.  I had the mindset I needed to pay in cash and didn't see a point in getting CCs. Of course, I eventually came to the conclusion that it was a necessary evil, so I began my journey with Cap1. I got my first card November 2015 and my second with them May 2016. I got 2 Amex cards in June 2016. Since then I've acquired Discover, NFCU and USAA cards.

So, here's the question... I really, really don't care for Cap1 and want to close my accounts with them. How will this impact my score?  I figure since the Amex cards are pretty close to when I got Cap1 cards, that it may not affect AAoA? Thoughts?

[Anonymous]

With the opening dates so close the effect will be zero. If you close CapOne in good standing and paid in full, it’ll remain on your reports for 10 years. Even if it didn’t, the effect on your scores would be small at first, and rebound pretty quickly. Since it stays, the effect shouldn’t be more than a few temporary points unless it sends your overall utilization up substantially.

[txgal73]

It's my lowest credit line (6k), as I don't use them, so it looks like I'm good to go. Thanks for your help!

[pipeguy]

You want to close what??

[txgal73]

🤣 dude!

[LunaBuna]

Greatest picture ever