mathman314 wrote:Well, what would you do if it were up to you?
You can't just poll people for what you should do as credit, income, spend, goals, priorities, etc all vary. FWIW, I'd echo MemberSince99 if your signature is correct. If you're looking to replace your card with the highest limit it would probably be good to have another prime card in its place.
mathman314 wrote:What % does AAoA play into the score if at all? And UTL?
If I do close it, would it be wise to close it when nothing is charged to my other cards so my UTL would stay at 0%?
You don't want 0% utilization. You want more than 0 but we can't say where your ideal is. Probably somewhere between 0 and 10.
mathman314 wrote:EDIT: And I've always wondered...what exactly are the benefits for student cards?
I think it's just easier approval criteria.
mathman314 wrote:Is there a way I can try to negotiate a lower APR? Kind of bugged with the 29.9%
All depends on the creditor. I've tried several times with USAA and they would never do so. Recently they dropped the APR on each of my cards by 1% without my asking.With some creditors you just have to close the existing account and apply when you're in better shape for a lower APR. I have no experience with 1FBUSA. It doesn't hurt to call and ask.
JoDa wrote:Sure, if OP couldn't get out of the fee, I'd say go ahead and cancel it. But because it seems like he can, why NOT let it ride?
Because it's a matter that the OP needs to decide upon using his own decision making and not another person's. There are those that keep every possible tradeline open and those that do not. There isn't just one approach to managing one's credit. I'm also one that closed cards that didn't suit me any more regardless of whether or not they were no fee and I have made significant improvements to my credit despite closing those tradelines.
The OP has mentioned twice (granted the second time was after your post that I'm replying to) that he does not want to deal with getting the AF waived. Each person has to decide using their own priorities.