 TITLE: Should I Close a Credit Card I Opened for Holiday Rewards? CONTENT: Are You Likely to Need It Later?\n--------------------------------\nLet's say you have a small financial emergency, like a dead car battery or unexpected vet bill. Can you get by without this credit card, either with savings or other lines of credit? If not, your new credit card might serve you well down the road, and it's probably wise to hang on to it for later. And even if you don't think you'll be needing the card for future purchases, you might still hang on to the card just in case, as long as it doesn't carry a hefty annual fee.\nKeep in mind that if you apply for new credit cards frequently, you look riskier to lenders and it can temporarily lower your credit score due to several factors. Rather than closing your new card only to end up applying for another one later on, it's better for your credit to keep this account open and just use it sparingly to keep it active. END