<prompt> Human: My first ever credit card, which Ive carried a zero balance on for many years now, has just instated an annual fee of 55. I called and spoke to a representative and learned that everyone is now being charged an annual fee, its a lower fee if you carry a balance. The rep was nice enough to give me a 25 credit for using my card in the next 30 days- and Ill do that so that my fee is essentially just 30. My credit is very good, partly due to this cards longevity and of course having automatic payments set up on all debts. This card is also my highest available credit limit- 16,000 available... So Im looking for insight about closing this card to avoid that fee that is for nothing really, since I dont use the card, but will closing it be worth the ding to my credit report? And, is that high available credit on the card a good or bad thing for my credit? At this point Im unaware of any rewards the card carries that I havent been taking advantage of.  <response>: Can you do a product change? In the past, Ive switched one of my credit cards to another product within the same bank, and kept my account age. 