Gertymac points out the issues.
In general, if you have a good score, and generally do not charge more than 1/3 of your available credit, I would just close the card. (Even if you pay in full every month, credit company reports a balance monthly since they report it monthly and you probably always have some charges on there. You probably charge more before you pay off last month's bill, for example).
I personally would never a keep an unused card open for FICO, and have always had a 800-ish FICO. Thing is, length of history is such a small piece of your credit score, and GOOD CREDIT stays on your report for a decade anyway. This is more of a concern if you are raising a bad credit score. If you are maintaining a good credit score, I wouldn't worry about it.
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