Recently my mortgage has been paid off (ex purchased me out). I had a $5000 loan I took on August that I paid off this month.
I still have open a BMO credit card of $2500 limit (paid off) and a store card for Dufresne furniture $3000 limit, there are no stores where I live now by the way. So card is sort of useless.
I planned on closing both of the credit cards and opening a TD card - so all my banking was in one place. The BMO card is about 12 years old, it's my oldest card.
Will closing these and opening a new one have effects on my credit score that are really bad? Or is this an ok plan?