I would like to know the answer too. Anyone here know what is the answer to your question. I'll do some poking around and get back to you if I got an answer. You should email the people at Lending Tree as they probably could give you an answer..

If I remember correctly, on FICO's website it says the average age of a credit card tradeline in the united states is a little over 4 years. I'd keep it open and let it age some more. As long as the card has a zero balance, you shouldn't be taking any utilization ratio hits on your score..

Crapital One is $3 a month. Good credit is priceless...

...NOT WORTH THE $36.00 for the few F.I.C.O. points you MIGHT get (I could be wrong)...

If you've never PFB'd before,you might as well do that. Mr cooke lowered my rate from I think.. 16% (?) to 12.49% (still high compared to my prime cards). So write and see if you can get a lower rate and also remove the fee..

By the way, Mr Cooke suggested to me that since my credit is now on the prime side, I should apply for a better card with them and transfer my stuff. Reason I havent done it yet is because I've heard that Cap One pulls all 3 reports. I don't want new hards on all 3 right now...

They ALWAYS pull 2 or 3...NEVER ONLY ONE!!!.

Even with my "PRE-APPROVED" one they pulled 2!!!..

My situation, as expressed in a previous post, is about the same as sahlegian's. I also got my capitalone in 2000. However, I do have a firstUSA card (which they switched to platinum for me, and lowered my rate after pulling my credit) which I've had from 1996..

So I basically have one card from 1996, one card from 2000, and the rest are all either december 2002, or january 2003 (because this is when I got my credit clean). I'm just apprehensive about closing the capitalone being that it's one of the 2 "older" ones...

I have 2 Cap1 cards and when the time comes to pay the annual fee of $39, I call and ask if they can waive the fee..

For the past 3 years, Cap1 has waived 50% of the fee, so I pay 20 bucks for the privilege of re-building my credit..

I have a BK discharge from 10/98.

Cap1 CC#1 (regular): est. 1/2000, limit $2,600, APR 9.9% fixed.

Cap1 CC#2 (platinum): est 6/2002, limit $7,500, APR 12.9%.

If your Cap1 card is one of your oldest TLs, I wouldn't close it out as it balances out the new prime cards and improves the average years of your credit history..

I don't belive one sub-prime card on your report will affect your application; reducing your average credit history might....

Another suggestion: How about becoming an AU (authorized user) on someone else's perfect credit card account that is older than 5 years? By becoming an AU, all the accumulated benefits of this seasoned TL will also be applied to your account..

Just my opinion. Let us know how it all turns out!..