I have a credit card from 1st Financial Bank. I got it when I was 18 years old, and have kept up with it 100%.
After the recent US legislation on credit cards, they have started hiking various fees. There is now a yearly membership fee, late payment fees have almost doubled, etc.
I have decided to drop this card and get a more "friendly" one.
How will this affect my credit rating? Will I lose my 6+ years of history on the card?