I don't think I'd cut it. I have nothing against it per se, but nearly every card has wear or damage that is going to knock it down from a top grade anyway, so why bother?
If you decide to cut it, I'd suggest buying a really good flat rotary cutter. I have a Swingline SmartCut at the office that does a great job on items like the box lid. I've used it to clean up raggedy-edged strip cards and they look great. I purchased the 12" model for under $100. They make one that can handle an item up to 24" tall for around $300.
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