Ok I hate credit cards. We have 2 and don't use either one. 1 we've had for 7 years and has a good % rate. It has a balance of $0. The other we applied for to save $50 on my tires at Sears last spring. We had the cash for the tires but saving so much made sense. We applied and they approved us low income folks for a very, very large limit. Now it's even higher, like over 1/3 of our yearly income.<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"> Also has a zero balance. Anyhow the interest rate is 27%. We did pay off those tires before being charged interest that first billing cycle.<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink"> Will it negatively impact our credit to close this card? It makes our debt ratios look fab I'm guessing. We do want to buy a house in about 3 years. Everything else is paid on time and our only other debts are a car with 0% financing and 1ish years left to pay and a small student loan thats on deferrment while dh is in school. Can anyone see any reason that I shouldn't call sears and tell them to cancel my sears mc?