Should I close this account?

So I have been thinking about closing my secured card with SDFCU. When I got it, I never thought Id get unsecured cards so quick and never use it anyways. However, I was worried about score dropping. I have no idea what my AAOA is. My credit history started 10 years ago, but all those cards I had were charged off, and due to fall off in 3-4 years. I have student loans starting in 2008 through 2014, and then consolidated in 2014 so originals were "payed". Finally had a car loan that was opened in 2009 and paid off in 2014. Here is all of my current accounts in the order I got them: FingerHut- Opened First of February 2015SDFCU- Late February 2015Capital One QS- Late February 2015Capital One Plat- Late February 2015Capital One Venture- April 23, 2015Amazon- June 2015Walmart- June 2015Home Depot- June 2015 If I were to close the SDFCU, would I get a big drop in scores? I know it will stay on there as a good account. It is just a $250 secured card, that I thought I would need for a while, but got pre-approved for cards before I thought I would. Never closed an account so I dont know what negative effects there is.

Your AAoA will not drop if you close an account. What will cause a score to drop after closing an account is utilization and how that will affect your DTI ratio. Most of your accounts were opened this year and around the same time so your AAoA tooka dive already. The credit limits on your other accounts and balances will determine if you lose points after closing the account. As you already mentioned, the closed account will still show as a positive trade line for 10 years from the date of closing. If it were me, I would keep that account open for at least a year before closing to show some history.UMrk wrote:
So I have been thinking about closing my secured card with SDFCU. When I got it, I never thought Id get unsecured cards so quick and never use it anyways. However, I was worried about score dropping. I have no idea what my AAOA is. My credit history started 10 years ago, but all those cards I had were charged off, and due to fall off in 3-4 years. I have student loans starting in 2008 through 2014, and then consolidated in 2014 so originals were "payed". Finally had a car loan that was opened in 2009 and paid off in 2014. Here is all of my current accounts in the order I got them: FingerHut- Opened First of February 2015SDFCU- Late February 2015Capital One QS- Late February 2015Capital One Plat- Late February 2015Capital One Venture- April 23, 2015Amazon- June 2015Walmart- June 2015Home Depot- June 2015 If I were to close the SDFCU, would I get a big drop in scores? I know it will stay on there as a good account. It is just a $250 secured card, that I thought I would need for a while, but got pre-approved for cards before I thought I would. Never closed an account so I dont know what negative effects there is. 

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