I currently have 2 credit cards to my name. Both of them only have $1500 limits, which is what i requested. However, I only use one of the cards. The card I dont use is Bank of America and the card I use on a regular basis is my State Farm credit card. Would canceling my bank of America credit card account be a wise decision? I haven't used the card in at least 2yrs and it has had zero balance for over 2 years. I stopped using there card because I did not like their business practices. So, I went with a credit card through my insurance company, and am very happy with it. Would it be a wise decision to do cancel my inactive card? I have read that closing a credit card account can hurt your credit score, but how much? I have a perfect credit history except for 1 late payment from about 2 months ago. I payed it the day after it was due. I also always pay more than the minimum if I am not able to pay it all off at once. So........what would you do? Im worried about having this inactive card. Worried as in someone could get ahold of the number and make charges on the card, and since i'm not using it I dont ever view the statments for it.