Why shouldn’t I cancel my oldest card?!
When it comes time to cancel a card because the annual fee is coming up or because you never use it anymore, you really should ask yourself if you should cancel it or just downgrade it. And most of the time you will want to just downgrade the card. But will downgrading the card affect your credit history or score? No. Will canceling the card? Usually. That is why it is always a great idea to downgrade the card vs canceling it. This will keep your credit score high and allow y