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Length of history (15%)
The five things that move your score · Lesson 7 of 22 · 2 min
Lenders look at the age of your oldest account and the average age of all of them. Time is the one factor you cannot speed up.
Closing an old no-fee card shortens your history and removes its limit from your utilization at the same time. Keeping it open with one small recurring charge, paid automatically, costs nothing.
Takeaway
Never close your oldest no-fee card. Keep it alive with a $5 subscription.
Next up: Credit mix (10%)