<prompt> Human: right now I have a couple credit cards that I dont use at all and want to get rid of the, but they are my oldest accounts. Had a capital one card which was converted into quicksilver this year, Capital One Master card was HSBC master card and was bought out by capital one, and Ive been using my Capital One Venture miles card for past couple months.My credit scores is in the 760s and was wondering how big of a hit I would take if I canceled the first two cards. Should I even do it or just cut them up and pay the account fee every year?  <response>: Only cancel a credit card account as a last resort. In this case, the account will eventually fall off your report impacting your score as if the account never existed. Since its your oldest account, this will could have a high impact.Your best option is to ask them to convert to a card without a fee. They typically rather you did that than cancel it. OTOH, it will fall off of your report after 7 years in which the age of your score will probably be significantly higher and although your score might drop, there isnt much benefit to have a score higher than 800 anyway. Thus, I dont think its justified to pay an annual fee just to keep the card on your report.EDIT: I am not sure if SanchoMandoval is right about the impact of age of accounts, but it doesnt seem like its worth the risk when the alternative is easily done. 