Quote:
Originally Posted by David70
The "it will lower my credit score" - yes, but there are a lot of variables besides just worrying about anything that will lower my score. I am not looking for a loan right now, I am not keeping a card around and dealing with it just for the score benefit, my score is high enough that if I am looking for a loan a small reduction in my score won't matter, over time it will recover from this small drop.
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I like to have some buffer so my credit score can take a hit and still be fine. Closing the account would have taken away some buffer especially after paying property tax with a credit card earlier.