But if the issuer doesn't offer cards that are more desirable, canceling may be a smart option. Before closing your account, take these steps. If you are canceling because of fees, you could consider calling the issuer and asking if it has cards you would qualify for that are fee-free. You might be able to switch to another card from the same issuer and keep your payment history. The same goes for cards that are no longer a good fit. Maybe you wanted an interest-free period when you opened a card, and now you would rather have a travel rewards card.
If the issuer offers one you qualify for, you may be in luck. Keeping your card active and paid off every month will help raise your credit score and make you eligible for a new credit card offering that offers rewards and specific perks.
After all, it never hurts to ask. Skip Navigation. Follow Select. Our top picks of timely offers from our partners More details. SoFi Personal Loans. LightStream Personal Loans. We may receive a commission from affiliate partner links. Click here to read more about Select. Click here to read our full advertiser disclosure.
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