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Home » Credit

Should I close out my high interest credit card?

Submitted by on September 9, 2010 – 3:55 amNo Replies


A web user asks, I recently paid off all of my credit cards and thought that I was credit card debt free. However, I have a credit card that I am still accruing a $10 monthly fee, I have called the credit card company and asked if they can remove this but they said no. The only way for this charge to stop accruing is the close out the account. Would closing out this account hurt my FICO score? Should I close this account out?
The interest rate on this card is 33%.

Can you help them out? Post your advice!

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