FlyerTalk Forums - View Single Post - What to do with my old Citi AA Cards and Limits?

Apr 3, 2014 | 9:03 pm

#6

skibum7732

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Join Date: May 2012

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Quote:

Originally Posted by wholeinone04

Thanks for the reply. Are you sure about that though in regards to canceling cards? Do you have a source/reference? That just doesn't make sense to me. Why would they count a closed 1 year old account against you for 10 years?

Now that I say it out loud, it makes even less sense.

Yes, 100% positive! Look at your CR and do the math if you do not believe me. I do not need sources, as I pretty much know everything (just ask my wife). All accounts stay on there for ~10 years after closed, whether its a car loan, mortgage, or cc.
So you think if you open a cc and do not pay your bill for 6 months you should be able to close the cc and it disappear from you CR, along with the negative marks...wishful thinking there. Your CR is to show creditors how you have handled your finances over the past several years.

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