I have three credit cards
$1,500 credit limit, 24% variable interest, $29 annual fee
$1,500 credit limit, 30% fixed interest,. $75 annual fee
$850 credit limit, 30% variable interest $59 annual fee
I was thinking about only keeping two and closing the $850 card. It’s fee is only $16 dollars less than the $75 card whose interest rate can’t go up.
I only have a “Fair” credit score, and cards like these are all that I was approved for. I filled bankruptcy in January 2020.
I don’t know if my credit score will take a hit if I close the $59 card. Maybe I should pay the $59 and keep it.
What do you think?