How do i cancel a credit card on auto Renewal for a software product i no longer use? null
Cancelling Best Buy citi credit card
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I’m sorry if this sounds like a stupid question as I’m still a beginner to financial literacy. A few years ago I bought a laptop at Best Buy and used their credit card to buy it. I have since paid it off entirely, however, I still have the card. For some reason the card limit jumps between $250 and a couple of thousand? Anyways, since I don’t use it, I just end up owing them like $100 every year or so in fees. I honestly just want to close it.
Moreover, I applied for and was accepted for a discover card with a limit of $5000 recently.
I want to cancel my Best Buy card, but at this point, it’s my longest line of credit(about 6ish years). I heard that closing a long line of credit can negatively affect your credit score. Is this true? Or should I just go ahead and cancel it?