 TITLE: Will Closing a Credit Card Hurt Your Credit? CONTENT: When Canceling a Credit Card Makes Sense\n----------------------------------------\nThere are a few situations in which it may make sense to cancel a credit card. For example, if:\n*   The card has a high annual fee and the benefits aren't worth it to you\n*   The interest rate on the card is high and you need to carry a balance\n*   You are struggling to manage your debt load and are having trouble resisting the temptation of living beyond your means with the card\n*   You want to get rid of a bare-bones card, like a student card or secured card, in exchange for a regular or rewards card END