I have an old Chase cc. $900 CL after using some of it's CL for newer Chase cards. Seven years old. No points, miles or anything. Just a cc with a small CL. I never use it. Chase sent me a letter saying it would close automatically in two months - even if I use it before the close date. They aren't closing it for credit issues, they seem to be closing because it's been inactive for so long. Their letter said I can call and request them to leave it open and they will do a 'credit analysis.'

I know a seven year old cc positively affects my credit report and score but I'm not sure by how much.

I will call them and ask them to leave it open as long as they don't do a hard pull. My question is: Is it worth a hard pull to have it remain open? My FICO score is 804 and I have no negs. Thirteen cc's open after my last AOR two weeks ago.

Thanks

I would definitely try to get them to leave it open w/o a hard pull. I always use every sock drawed card about once every 3 months to prevent this from happening to my old cards

Why don't you PC it to a Freedom or something?

what does PC mean?

Product change, I think.

I guess the big variable here is how far off 7 years is from your average. CreditKarma can tell you that for free. If all of your other cards are in the past year, then you definitely want to hold on to that 7 y.o. card and it's worth a hard pull.

It's a sliding scale after that.... the more losing it would decrease your average, the more the score would drop.

Closed cards still count in your AAoA and "age of oldest account" until they drop from your credit report. So you're looking at an issue 7-10 years from now, not today.

Still a good idea to keep it if you can, obviously.

My friend (27 years old) had a no rewards Chase card that he opened back in 2004 that Chase was going to close for inactivity. This somehow came up in conversation and given that it was his oldest card by far, I convinced him to call Chase and reactivate it. He was also able to PC it to a Freedom card. That's what I suggest for you OP.

UPDATE: I called Chase. Because I had recently applied for another Chase card, they did not have to do a hard pull and approved keeping the card open. Then I requested they convert to a Freedom card. They approved that too.

Thanks for all the good advice. This worked out well.