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I think the biggest issue with switching banks is that that lowers the average age of your accounts, which affects your credit score.
by bovermyer 11y ago
I think the biggest issue with switching banks is that that lowers the average age of your accounts, which affects your credit score.
- elahd 11y agoThat only applies to credit cards. Bank accounts don't even register on your credit report (overdraft lines may show up).
- berberous 11y agoWell, the age of your checking/savings does not matter. You could just leave your old credit card open and never use it (although this does creates some minor but annoying extra cognitive load).