6d • Gems
The "Old Tree" Rule (Never Close Accounts)
The Vibe: Your credit history is like a forest. The taller the trees, the better. If you chop down your oldest tree (your first credit card), your forest looks small and weak.
The Step-By-Step:
- Find the Dusty Card: Find the very first credit card you ever opened. Even if you don't use it, do not close it.
- The Life Support: Put a small $10 monthly bill on it (like Netflix).
- The Shield: Turn on "Auto-Pay." This keeps the account "active" so the bank doesn't close it on you.
- The Reward: You keep those years of history, which makes up 15% of your total score!
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The "Old Tree" Rule (Never Close Accounts)
