<prompt> Human: Hello rpersonalfinance I am a 20 year old with a credit card that started as a secured 300 from Bank of America, this account is now over one and a half years old and has a credit limit of 600, but something that bothers me is that it has a 39 annual fee. What should I do about this? Should I apply for a new one that doesnt have annual fees and cancel this one? or keep this for the rest of my life? I am not familiar with a lot of aspects of credit cards and would like to know what to do about this. Any help on the issue would be great. Thank you.  <response>: I would ask them to remove the annual fee. If they are not willing to do that, apply for another card without one, and once you have the new card, go ahead and close the current one. 