About to close my oldest account

Credit and mortgage advice Forums Consumer Credit Credit Cards About to close my oldest account

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    • #233671
      Anonymous
      Inactive

      I’d like to close my HSBC mastercard that has a CL of 1400. Ive had it 4.3 years* We all know this card will not grow with me and has a annual fee.* My credit utilization is 20% with total combined credit of 18K so im not worried about the score dropping at closing.* I have read the article on closing accounts and understand that I will possibly affect me when it drops off in 10 years, but I plan on having the other*cards.* Does anyone know if its a benefit to have a open card for at least five years? or any other reason I should keep this junk card?



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