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I was at the library in Springfield and saw a free seminar on reading your credit report.
The presenter pointed out that a lot of people miss the 'date opened' field for old accounts, which can really help your average account age if you keep them active.
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christopher_kim5d ago
Oh the "date opened" field lol, my oldest account is from when I thought a credit card was just free pizza money. Keeping it open is my one smart move.
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jason7525d agoTop Commenter
Hold up, I gotta push back on this. Keeping a card open just for age is a trap if it has a yearly fee you're paying for no reason. That pizza money card is costing you real money now, @christopher_kim. The credit score math is more about your total limit and on-time payments, not clinging to one old piece of plastic. Sometimes closing a useless account is the smarter move to stop the bleeding.
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