Would that affect my credit score if i cancel a 300.00 credit card?

Question

i have several credit cards from 3,500.00 / 1,800.00 and i few others. but the one i wants to cancel is one that was 1,000.00 credit limit and they decrease it to 300.00 i don't know why, it wasn't because of my credit because a few weeks later another bank call a give me one 3,500.00 one with a way better APR.

Answer 1

Yes it would, but since its so such a small amount as long as you have other accounts you could probably bring up you score within a few months

Answer 2

rather than cancel it, just pay off any balance, then don't use it. And you only need one or (max) two credit cards.