I started rebuilding my credit last January. In reviewing my credit to formulate a plan for this year, I think I would be better off closing some of my small limit secured cards. I started off with a couple of secured cards because that is all I could get approved for. I was fortunate enough to be added on some accounts as an authorized user that have some longer credit history. I have now got in the door with Cap 1 and NFCU with $1,000 starting limits. But now having so many new accounts it drags down my avg. credit age. I'm thinking if I close some of these small limit cards that have only been open for 12 months, it should be a big boost to my avg. credit age. I know a lot of people advise to never close an account, but I have so many new accounts from the last 12 months, it would allow my authorized user accounts to be a bigger boost to my score because they have been open longer. I'm looking to add higher limit cards and I feel the cards that are $500 and under are not gonna be a benefit now that I am able to get approved for higher limits. Any helpful advice or thoughts?
