New Annual Fees Making You Consider Canceling Your Credit Card? But Concerned about the Impact to Your Credit Score?

With credit card companies like Citi adding annual fees, you may be wanting to cancel your credit card. However, canceling credit cards can have a negative impact on your FICO score. How much will it hurt your credit score? Get Rich Slowly blog has a good review of this issue.

Would there be any reason for you not to cancel a credit card that imposes an annual fee?