<prompt> Human: So after having a CC with a company for 12 years, I just got my statement in the mail with a new annual fee. Usually I have called them up and they would waive the annual fee after I updated my info. This year they would not waive the fee. I asked to talk to a manager and they said new policy states the fee can no longer be waived. So I told them I no longer wanted the card and cancelled it card had no benefits as I got it to build credit.They closed my account and I did not have to pay a fee. About three days later I realized I have had this card since my freshman year of college and it is by far my oldest account that is open I paid off my college loans early by 6 years. Before this my credit score was around 794. I am expecting it drop a lot for a few years until my next oldest account gets older than 8 years old. So, In the future, should I have paid the annual fee of 100 bucks to keep the card open until my other card reaches 8 years old? Edit: I am feeling better now that this is not as big of a deal as I thought. Plus my other two credit cards are no annual fee with excellent rewards and have much better customer service. Maybe parting ways with my old card was for the best.  <response>: Unless you were planning on buying a house soon, no its not worth it to pay 100 a year for a credit card you dont want. 