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Sugarsunshine81

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Credit card cancellation
I have a credit card that I paid off the balance. However, this year hit me with a 495.00 annual fee. I am want g to cancel this card. I feel that I shouldn't pay a credit card company to have my business. How much will this affect my credit?

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First I would call the credit card company and see if you can get them to cancel the fee for this year.  It might affect your score if you need it for utilization purposes but otherwise it wont.  It will stay on your report for at least ten years. 

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