• 0 Posts
  • 7 Comments
Joined 4 months ago
cake
Cake day: December 9th, 2024

help-circle
  • It could hurt your score in a few ways. First, it could reduce your Credit Age sonce it was such an old card and Credit Age is an average age. Average age is a medium impact factor so it is pretty important. Second, it reduces your over all available credit which means your Usage Percentage could be higher. Usage Percentage is high impact, but you can mitigate this impact by paying your cards off before their due date. Finally Total accounts is a low impact factor but by closing a card you are reducing your total account number so that might effect it. Overall if you keep your Usage Percentage it should not have too huge of an effect on your score unless it was your oldest card.