<prompt> Human: Back in the days 2009 when I really wanted a credit card and everyone was rejecting me, I got this applied bank credit card where I had to pay 300 at first thats my credit limit and then paying 50 annual fee. Now, I have some better credit cards with no annual fee and zero debt. I would like to get rid of this applied bank card wasting 50 every year but Ive heard that as it is my first and oldest credit card, this will hurt my credit score badly. Not sure what to do? Any suggestions.  <response>: Not sure if youre aware from the way you worded it, but it sounds like you have a secured card, which means you should get your 300 back when you close the account. Instead of closing it, Id call the bank and ask them if they can convert it to an unsecured card with no annual fee. If that doesnt work, its only 4 years old, its not like youre closing a 30 year old line of credit, so its not going to hurt you too badly and its certainly not worth 50 a year. Just go ahead and close it. 