Closing Question

[writerstale]

I have a Barclay Rewards card that I've had for 18 months. Honestly not excited about this card, or the customer service that I receive from this company at times. What I am trying to know is is it best for my credit score to cancel this card ASAP, or wait a while before canceling this credit card?

[etstrong98]

If the card doesnt have an AF then I would put it in the SD let it age atleast to the 2 year mark before closing.

[writerstale]

What do you mean when you say, "If the card doesnt have an AF then I would put it in the SD?"

[Anonymous]

AF = annual fee (it doesn't have one)
SD = sock drawer (take it out of your wallet and forget about it)

also you can PC it (product change) to something useful to you.

[SunriseEarth]

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@writerstale wrote:

What do you mean when you say, "If the card doesnt have an AF then I would put it in the SD?"

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We use a lot of abbreviations around here.   Here's a primer:  http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

[writerstale]

I greatlly appreciate the clarity everyone. Thanks!