Cancelling Credit Cards

Posted by Charmed (168.98.149.204) on June 12, 2002 at 13:58:55:

I have 4 major credit cards. I'm trying to decide which card(s) to cancel to better help my credit score. I have an acct. w/ Citibank that is almost 8 yrs old. However, there is some derogatory notation made w/ respects to that acct., but within the last two years my payment history has been good, no late payments or missed payments and I've always paid more than the minimum. My Citi card has the highest interest rate of all my cards, 24.9%! I have two Visas with Capital One. These cards have very low and ideal interest rates, to me. One Visa is two yrs old with a perfect history. No late fees, no over the limits, nothing. The 2nd Visa is new, 4 months old, excellent payment history to date. My last card was a credit rebuilder card, excellent payment history, no over the limits, nothing bad to report. It has the second highest APR. None of these cards have balances, I paid them off. I'm just contemplating which ones should go.

Thanks.

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