Never close a credit card, it negatively impacts your credit, 3 reasons: First- credit report doesn’t have an explanation area for you, oh I just didn’t want it anymore. A new creditor will see a closed card as something that was closed by the creditor not by you. Second- credit is based on the length of time you have had “trade lines” open if you close the account you got when you were in college and now you are graduated and it’s 5 years later and you just don’t want it anymore the card from your bank now is much...