I have excellent credit and do not need any more cards but I think I have too many cards though! I know that closing accounts can negatively affect your credit score, but what about having too many credit cards? My credit score is 783. I want to buy house next year.
1/ boa visa # 1 $22,000 limit Since 2000 Paid Off
2/ boa MasterCard # 2 $17,000 limit Since 2001 Paid Off
3/ boa MasterCard # 3 $13,000 limit Since 2004 Paid Off
4/ AT&T MasterCard $12,500 limit Since 1998 Paid Off
5/ Wells Fargo Visa Credit $12,000 limit Since 2001 Paid Off
6/ Banana Republic Dept Store $ 1,000. Limit Since 2000 Paid Off
7/ Home depot MasterCard $ 5,000 limit Since 2004 Paid Off
8/ Best buy Dept Store $ 2,500 limit Since 2005 Paid Off
9/ CompUSA Dept Store $ 4,500 limit Since 2005 Paid Off
10/ Discover $ 6,000 limit Since 2006 Paid Off
11/ Chase Visa $ 6,000 limit Since 5/2006 $4,000 Balance with 0 Apr. I will pay off in May 2008.
Should I cancel any of these accounts? (Best buy, Banana Re, CompUSA) Or should I just keep them all open? Thanks for the advice!
2007-10-16
18:12:43
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10 answers
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asked by
Anonymous
in
Credit