will canceling a secured card bring down my score?

Got a secured card from Capital One. Has definitely been helpful in improving my score. Now that it's better than the average, can I cancel the card? The interest rates are quite high and my I was just allowed a unsecured credit card, which I can put to good use if I want to maintain the score. Will this cancellation have negative affect?
1 Answers

Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions.Learn more »

  • expertise badge
  • TrustLink logoTrustLink logo
  • Customer ratings on BBB
  • IAPDA logo
  • Calchamber Member
  • Calbar Registered
  • D&B
  • Trustpilot
  • yelp logo