Credit Cards, April 15 -- If you are using a credit card and toying with the idea of getting it cancelled, it is recommended to be mindful of a number of key factors. First of all, it is rational to get the card cancelled when it has a huge annual fee. Else, when you already have one or more credit cards loaded with adequate credit limit - you can get the card cancelled.

What if the credit card does not hurt you since it has no annual fee and instead, offers a huge credit limit. It definitely means that the card is useful to users.

So, before you take a call to cancel your credit card, remember these points.

I. Whether the card has considerable annual fee: You should continue to use the card - even if you do not use it - so long as its...