Here is some context, I’m trying to rebuild my credit. I own a House, I’m financing a car and I have 14 credit cards, 4 of the 14 have been paid off within the past 2 months and have a $0 balance the other 10 on average have 88% of the balance utilized so roughly 12% available credit.
I have a First Premier Bank Credit Card, it’s my oldest CC and smallest with only a $425.00. I recently paid off the balance in an effort to get rid of all my CC debt by paying off the small ones first and working my way up, but, the FPB cc has a $6.00 monthly maintenance fee and $45 yearly fee which equals out to $117 a year to have a card I don’t use. I called up FPB and asked them to wave the fees and they would only wave the yearly fee, so that still leaves me with $72 a year for a card that I don’t use. If closing it would affect my credit negatively I will just leave it open, but if it won’t make a difference then I’ll just close it.
What should I do?