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Never Close Your Oldest Credit Card to Protect Credit Age
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’.