Should I close my oldest Amazon Pay Later. Credit Score Impact?

Payment Wallets
1

Hello folks, I was student back then got my first few credits in Pay Later services only.
Few of them got closed already like Paytm.
But here is my Amazon Pay Later which is now my oldest credit even I got my ICICI CC at the same period of time but still it is oldest.
Now, the real questions Should I close this oldest credit ? Is it beneficial for closing the consumer loan or it will impact negatively? Is it okay that they shows a single pay later as 2 consumer loan?

2

My take (based on credit logic + community experience):

  1. Age of credit history matters(cant stress more on this) – It’s one of the key factors in your credit score (especially with CIBIL and Experian). Closing your oldest account could shorten your credit age and impact your score slightly — especially if you don’t have any older open tradelines.

  2. Type of credit matters too – Credit cards and personal loans have different weightage. Having a mix is good, but if this Pay Later is being reported as 2 separate consumer loans, it might look messy or over-leveraged to lenders. You can raise a dispute with the bureau if you think it’s a duplicate.

  3. No harm in keeping it open if unused – Since Pay Later doesn’t usually charge fees when idle, keeping it open just for credit age might be smarter than closing it. It still contributes positively to your credit history as long as there’s no default or missed EMI.

  4. But if you’re going for big loans soon (like home/car), it’s worth cleaning up your report — especially if that “two loan entries” thing is flagging lenders. In that case, closing and correcting the report might help more than hurt.