I have an old Macy's card that was converted to a Citibank card. It has 17 years history. I am trying to pay what I can to lower the balances, but recently it closed my account maybe because manybe I have too many open accounts (3 Cap One 500, 600, and 5000; 1 Citibank, 1 Nordstrom, and 1 nonsecured non-credit card account). The Cap One accounts are my second oldest, but they account have monthly and annual fees.
If I pay off and close the $500 and $600 accounts, then will my credit history shorten and my score lower?
