Does closing a Discover credit card hurt your credit score or should you just leave it open? it has a 0 Balance. Thanks for any info.
Leave the credit card open if it doesn't annual fee that you're worried about paying. You want to keep the available credit, which will in turn help your CU ratio and benefit your FICO scores. Leave it open, use it from time to time to keep it active (buy gas, or some groceries) and always pay it off in full and on time. Of course, the positive payment history will continue to help your credit scores as well.
It does have an annual fee of $49. I don't really like the idea of paying that is there anyway to get out of it.
You can always call and ask if they'll waive the annual fee, but they probably won't. If you don't plan on using the card anymore and you just can't bear paying the fee to keep the available credit, then it's probably best to just close it. Do you have plenty of other cards with high credit limits? If you never carry balances and have plenty of available credit, then you might not need to worry about the CU ratio hit.
