<prompt> Human: I paid off one of my credit cards a few months ago yay!. I never canceled the card because I heard its better for your credit score to have available credit. Today, I got an email alerting me to activity on the account, so I logged in to the cards website.The credit card company charged me a 59 annual membership fee. I think this is preposterous I worked so hard to pay off that card! I know, I know, I should have been aware there was an annual membership fee. Well, now I do.I was just about to close the account but I realized I am pretty angry right now, and I dont want to make a rash decision.Can closing a credit card negatively affect my credit? Is there any reason I should keep the card active like having some credit available? Capital One said they will reimburse the annual fee if I pay it and then close the account within 30 days. I dont know if 59year is worth it to have unused credit on my credit report.For what its worth, I only have one other active credit card that I never charge anything to. It should be paid off in full next year. I have good credit, but I am working to pay off some debt I accrued from irresponsible spending during my college years.  <response>: IMO there is no point in paying 59 to keep a CC open that doesnt really have that huge of an impact. Yes, it may bring it down now for the short term, but it wont be much. Unless you plan on having to take out a loan for something shortly and it will affect your rate on that which it probably wont, there is no point in keeping this card. Someone mentioned below that you ask to downgrade your card. That seems like the best option. 