Kristi – I would not close it, simply stop using the card. the more credit showing on your report the easier it will be to other cards, loans or a mortgage. so if you have 5 cards with a total available credit of 10000.00 and only use 2000.00 and pay more than the minimum you will see your numbers go up. best case pay off balance monthly. I know several folks who pay all bills on a card then pay off monthly and have miles and rewards building up not to mention a very high fico score…closing an account can trigger a reduction in credit scoring for a month or two in my experience anyway.
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