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There are a number of considerations here.
The bigger issue in terms of your creditworthiness is amount of available credit. If you have a lot of open, unused credit it can affect your ability to apply for more in the future. Payment history is also an issue, and why the account was closed when it is closed.
If this is only your second credit card, then it's not a big deal to keep it. If you have more than two or three, though, or if you have any other lines of credit I'd probably close the account.
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I wake up in the morning more tired than before I slept
I get through cryin' and I'm sadder than before I wept
I get through thinkin' now, and the thoughts have left my head
I get through speakin' and I can't remember, not a word that I said
- Ben Harper, Show Me A Little Shame
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