Why close it if you have the ability to simply pay it off? That'll keep the account active and still showing on your bureau files.

Hello..... I was just wondering if this would be a wise decision, as I have had this card for several years now to help me rebuild my credit history, now that the interest will be rising soon I was given an option that I can close my account but I am seriously thinking if I do so would that have a huge impact on my credit history or score?? and also I have now a low interest Visa which I have acquired recently.. Please help .. Thanks