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8h ago

Never Close Your Oldest Credit Card to Protect Credit Age

The average age of your credit accounts makes up around 15% of your CIBIL score.

Lenders favor long-standing credit histories because they show repayment consistency over time. Closing your oldest card can instantly shorten your average credit age, leading to a 20–30 point dip.

Even if unused, keep your first credit card open and active with minimal transactions to preserve your ‘credit age advantage’.

The Single Most Important Rule Why Paying on Time Builds 35 Percent of Your CIBIL Score

Discvr• By Sneha Pathak

Explore:High Return Equity Mutual Fund

neutral

8h ago

Never Close Your Oldest Credit Card to Protect Credit Age

The average age of your credit accounts makes up around 15% of your CIBIL score.

Lenders favor long-standing credit histories because they show repayment consistency over time. Closing your oldest card can instantly shorten your average credit age, leading to a 20–30 point dip.

Even if unused, keep your first credit card open and active with minimal transactions to preserve your ‘credit age advantage’.

The Single Most Important Rule Why Paying on Time Builds 35 Percent of Your CIBIL Score

Discvr• By Sneha Pathak

Explore:Mutual Fund Screening

neutral

Never Close Your Oldest Credit Card to Protect Credit Age

about 8 hours ago

1 min read

62 words

Maintaining your oldest credit card keeps your credit age long and stable, protecting up to 15% of your CIBIL score.

The average age of your credit accounts makes up around 15% of your CIBIL score.

Lenders favor long-standing credit histories because they show repayment consistency over time. Closing your oldest card can instantly shorten your average credit age, leading to a 20–30 point dip.

Even if unused, keep your first credit card open and active with minimal transactions to preserve your ‘credit age advantage’.

The average age of your credit accounts makes up around 15% of your CIBIL score.

Lenders favor long-standing credit histories because they show repayment consistency over time. Closing your oldest card can instantly shorten your average credit age, leading to a 20–30 point dip.

Even if unused, keep your first credit card open and active with minimal transactions to preserve your ‘credit age advantage’.

Companies:

TransUnion CIBIL

HDFC Bank

Axis Bank

Tags:

credit history

credit card management

credit history

credit card management

CIBIL

personal finance

credit age

The Single Most Important Rule Why Paying on Time Builds 35 Percent of Your CIBIL Score

Source: Discvr

By Sneha PathakExplore:High Return Equity Mutual Fund

Nov 8, 2025 • 09:45 IST

Never Close Your Oldest Credit Card to Protect Credit Age

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Never Close Your Oldest Credit Card to Protect Credit Age

Never Close Your Oldest Credit Card to Protect Credit Age

Never Close Your Oldest Credit Card to Protect Credit Age

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