if you got it, keep it.
Yes, it IS a credit card opened more than a decade ago. And yes, I AM potentially going to need to obtain loans in the next year.
There's no annual fees, so guess I'll hang on it until I get approved for that loan, then get rid of it.
good move. free FTW. available credit to debt matters when it comes to scores/loans. time open also matters, and 10 years is a decent start.
haven't seen it come up yet, but if you really do plan to close it, make REALLY sure that there are no recurring/auto charges that are still linked to this account.
my experience, i had a gym membership tied to a credit card. cancelled the gym membership (legit, letter, all done) and about 6 months later closed the credit card (legit, letter, all done). about 6 months after that (1 year later for those keeping score at home) the gym sent a charge for 20 something dollars to the closed card, which posted the charge on the now closed account. fast forward 10 years to me buying my first home, and the 4 months of hell that i went through trying to clear that up with the 3 eff-ing credit agency system that we endure here in the US of A.
double check, have it in writing, keep hard copies of everything, and then check again. just my two cents. oh yeah, and never do business with Bally Fitness, Discover, or TransUnion. they are incompetent ******s. just my two cents.
hey, and best of luck!