I've heard people say if you cancel a credit card it hurts your credit score... not sure how true that is.
I have a credit card with a $8500 limit that I push a good $2000+ through a month on.
The problem is I don't fly much or if any. I was under the impression with the South West card from Chase you could also book hotels and cars without a plane ticket. Anyway, I plan to cancel it due to the yearly fee and pick up another credit card.
Will doing so hurt my credit rating?