Experts generally recommend you don’t cancel a credit card because it can have a negative impact on your credit score. But if you’re being charged a high annual fee or interest rate, it can be beneficial to close a credit card. If you’re looking to close your oldest credit card, take a minute to evaluate your decision to make sure it’s a smart choice.

The Capital One CreditWise app offers a simulator so you can see how taking certain actions (closing a card or paying off a balance) might impact your credit score. This is a good place to start if you’re worried that closing your card might make your score go down.

Read more at CNBC.