Having a balance that represents 35 percent or more of your overall available credit limit on each card will actually hurt you, even if you make all of your payments on time and consistently pay more than the minimum due. (entrepreneur.com)
Having a balance that represents 35 percent or more of your overall available credit limit on each card will actually hurt you, even if you make all of your payments on - time and consistently pay more than the minimum due. (entrepreneur.com)
Adding on to the answer above, it may be best to keep the card open since it will decrease your utilization rate and boost your overall available credit. (money.stackexchange.com)