should i cancel this card?

[bmwatts0386]

i have a merrick bank credit card that ive had for about 3 years. the limit is only 2300$ and i never use it. there is an annual fee that they charge 4$ every month. my AAoA is 4years 4months, ive had this card for almost 4 years. it gets no rewards, i never use it and it has an AF. i wouldnt mind as much if they charged the AF yearly but its annoying to have to pay 4$ every month on the card. also cancelling the card wouldnt hurt my util at all, just my AAoA in the long run

[longtimelurker]

I think you have answered your own question!   Yes, cancel it, why waste $48 on a useless card.

[bmwatts0386]

thats a good point. i was pretty sure i was going to cancel it, just wanted to get reassurance from u guys! thanks!

[JSS3]

Cancel it...like yesterday.

[SuperKirby]

is that the credit card that gives you a free FICO score every month?

[bmwatts0386]

I didn't get a free fico score with it =(

[SuperKirby]

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@bmwatts0386 wrote:
I didn't get a free fico score with it =(

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oh ok...

http://www.merrickbank.com/paperless/faqs.aspx

does that only apply to certain customers then?

[bmwatts0386]

I must have had it and didn't even know about it. I have plenty of ways to check my score tho so it's not a big deal to me

[SuperKirby]

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@bmwatts0386 wrote:
I must have had it and didn't even know about it. I have plenty of ways to check my score tho so it's not a big deal to me

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Yeah, $4 a month is cheap for a FICO score, but I prefer the $15/month for the myFICO SW alerts, at least until i'm done with my mortgage(s) apps.

[TheConductor]

Cancel it.  You have plenty of other cards, no need to keep paying for that one.  With 2% utilization you should not even need to hesitate before closing a card you don't use.