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Question By
luvjoy2

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closing credit cards
does it hurt my credit score if I close a couple of my credit cards?

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Yes.  It will lower your available credit and raise your utilization.  It can also decrease your average account life or your "longest" account life if that happens to be one of the ones you close.

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Reply by
JohnnyRain127

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Close credit card/account don't affect your average age of account right away. Closed account can remain on your report for up to 10 years, so for those credit score models that use both open and closed account for your age of credit,  like FICO? it won't change your AAoA for next 10 years or until whenever it falls off your credit report... For sake of discussion, if closed account no longer factors into average age of accounts, then wouldn't it improve your AAoA when you close a account that is below/younger than your AAoA?

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