Need expert advice in regards to closing my Barclay card
Hi all,
I opened my Barclay Arrival Mastercard on October 2013 for the awesome sign up bonus. Now I've depleted the sign up bonus and ready to close the card since I feel $89 annual fee is higher than the benefits. I have a $10k credit limit on the card.
My question: I'm trying to organize my finances and want to close a card or two. I currently have the Chase Sapphire Prefferred which I'll use as my main travel card. My FICO score is 762, but I do not own a home. I may apply for a mortgage in the next two years.
Is it OK if I cancel the Barclay Card now or do you guys suggest I keep it? I have about 5 other credit cards (all older than the Barclay).
Thanks!