Originally Posted by
joer1212
I was thinking the exact opposite. I wanted to close down my useless older Citi and BOA cards because they may be a hindrance to qualifying for additional credit. I know this is considered sacrilege on this forum, as the average age of your accounts contributes to your credit score, but my reasoning is that the credit hit would only be temporary.
You should probably REALLY learn how your credit score is calculated before deciding how you want to modify your credit profile, as once you close the cards, you cant reopen them with the same age. Theres a lot of wrong information out there and most people don't really understand how things affect their credit score.