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Question By
daddysnickname1

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should I cancel a card?
I have a credit card that charges a monthly fee even on a zero balance. If I cancel this card, will it negatively effect my credit rating?

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only if its your oldest card in which case it will drop your age of accoounts back to your 2nd oldest card....like first card never exsisted and it will drop your utiliziation depending on if its a higher end limit card for you which both can hurt your score but if yor 2nd card is almost or more than 5 years old i'd say to hell with the extra fee

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