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

Wednesday, February 24, 2010 - 7:37 AM
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?
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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
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