Should I close Flipkart & Amazon pay later?

[asm07]

Hi,
I have Flipkart pay later for about 5 years and that's the oldest account on my CIBIL. Later amazon offered pay later and I took that as well. Amazon pay later partner has reported two names to cibil, axio and karur vyasa, account number looks like one. In last two years I have used none. Currently I have two credit cards, apay icici and coral rupay. Oldest of the cards is 14 months old.
Should I close both Flipkart and Amazon pay later as these are of no use? Will it affect my cibil score negatively (cibil - 795)? Need some guidance.

 

[hackymanoj]

Read this.

Are pay later accounts any better?

Hello, I have recently requested to close my Amazon pay later, Flipkart pay later and Mobikwik zip. They have strictly said that once closed we can never open them again. The reason I chose to close them is the number of open account on my profile is 42. So, I choose to close these pay later...

www.technofino.in

 

[hackymanoj]

I closed these in the last one month.

Amazon pay later
Flipkart pay later
Slice
Mobikwik
Paytm postpaid

 

[asm07]

I closed these in the last one month.

Amazon pay later
Flipkart pay later
Slice
Mobikwik
Paytm postpaid

Is it reported to cibil yet? If yes how is cibil score affected? Once I close my credit age will drop from 4.5 years to 14 months.

 

[hackymanoj]

Most of them are already closed. I didn't see any dip in my credit age.

Honestly I don't know closing the account will cause a dip in the credit age. I don't think that will happen because you were once holding them and just closed them.

 

[Riya]

Definitely. . .
If you have credit cards then close these BNPL first thing