Welcome To The Forums and Happy First Day In This New Year 
You should be just fine. As mentioned IF it happens to affect your score at all it will only be for short time then return even better given better limit approvals entering your credit field.
I'm just about to close my own Target RedCard ($500) that i've only had for 2 years (amongst others on the close out list) and have already replaced those type cards with much fairer SL's (starting limits) that DO OFFER cli's with only a SP!
Best of luck to you with your credit success and wise choices going forward.
Even if it is closed, it remains on your report for 10 years. Also, if there is no annual fee, it is good to keep it open. A number of factors affect your score such AAOA among other things. With a thin file, it may drop your score temporarily and then bounce back.
I'm sorry but I've never understood this. No matter how many times I see it written around here (and I see it plenty) it still doesn't make sense to me. Why? I had/have a thin file and there was no score drop when I closed any of my three cards. There were small decreases from inquiries and new accounts reporting but scores are still steadily rising and made those drops insignificant. There was actually a 10-15 point increase when Cap One was closed and I took that as myFICO's way of saying, Congrats for dropping the dead weight! 
Honestly if the loss of a card isnt causing a spike in utilization I truly dont understand the purpose of keeping a card open solely bc there's no annual fee especially considering this part >>> Even if it is closed, it remains on your report for 10 years. Call me crazy
OP I'm sure you'll be fine whatever you decide
Thank you so much.
Happy New Year to you, too!
wrote:Even if it is closed, it remains on your report for 10 years. Also, if there is no annual fee, it is good to keep it open. A number of factors affect your score such AAOA among other things. With a thin file, it may drop your score temporarily and then bounce back.
I'm sorry but I've never understood this. No matter how many times I see it written around here (and I see it plenty) it still doesn't make sense to me. Why? I had/have a thin file and there was no score drop when I closed any of my three cards. There were small decreases from inquiries and new accounts reporting but scores are still steadily rising and made those drops insignificant. There was actually a 10-15 point increase when Cap One was closed and I took that as myFICO's way of saying, Congrats for dropping the dead weight!
OP I'm sure you'll be fine whatever you decide
That's NOT crazy. More like WISE in my eyes. I couldn't have done any better laying that out as very nice & to the point the way that you done just now HeavenlyFlower .
Kinda sums it up in a nutshell. I feel the same way. The advantages far outweigh the negatives when it comes to letting go of as you say "dead weight!"