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Cbaca01

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CC annual fees-- why keep open?
4 CC w/annual fees, not using them & would like to close. 1 has 95./ fee open 3 yrs, another 50./annual fee & open 6 yrs another has 59./fee open 10 yrs , last one 99/fee open 5 yrs.

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Why keep them open? Because you need active accounts in good standing to maintain a good credit profile. If you want to close some, make sure that you only close one at a time then wait a month or two to see how it affects your FICO scores before closing another card. It would also be wise to get new cards with zero annual fee BEFORE you close any cards if you choose to do so. It depends on the rest of your credit profile but it is a good rule of thumb to expect score decreases whenever you close an account.

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