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Question By
katalinao

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Should I transfer a balance and close a card?
I have 3 cards with annual fees that I no longer use. I want to get rid of those fees and open a new card with no annual fee. All my cards have $0 except 1 I use for small purchases to keep my credit level. Questions: 1- How much will it hurt my score to close a card? 2-Will it hurt my score to open 1 new (great) card and close my 3 with annual fees? I hate paying the annual fees on cards I don't use...and now that my credit is better, I'm eligible to get better cards. Thanks if you can help!

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