Originally Posted by
pallhedge
Closed accounts remain on your credit report for 10 years. An account you close today won't affect your AAoA until then. By then, his next AA card will be nearly 10 years old. Lather, rinse, repeat.
^ ^ ^
No matter how many times we post this, it keeps coming up as a problem.
Google: urban myth, closing an account affects your AoA...
Ok, so I was making that up (just the Google Urban Myth part, not the AoA part), but I tried it, and that sure enough it is there.
"New Myth: Closing a Credit Card Account Always Hurts Your Score
In the long term, your closed cards will continue to contribute to your credit score for the entire time they appear on your credit report, typically about 10 years after closing."
