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knicksplayer

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Should I close a secured card I opened 2 years ago?
To build credit, I opened a secure card with Bank of America 2 years ago. The annual fee is $45 and my credit line is $200. Now that my credit score is 730+ and my income sufficient to apply to get approved pretty much anywhere, should I be closing it? Upgrading it to an unsecure doesn't seem to be appealing since the annual fee would remain and all it would give me is weak cash back deals.

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You will take a bit of a hit on your credit score when you close this card but my advice would be to not close it until you have a new card in place;  It's a little bit easier to get credit when you already have some with a good record.

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