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Consolidate cards?

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youngandcreditwrthy
Senior Contributor

Re: Consolidate cards?

I prob have ten cards I don't use often.
Good rule of thumb: try to use every account once every six months.
When I was trying to get out of cc debt at the ripe age of 19, I wanted to close every acct I paid off but knew that isn't what I should do...so I kept them open with extremely low usage and many of those accounts have blossomed into multi thousand dollar lines! I do have like 17 open lines haha. Boy am I glad my self control prevailed!

The more credit you have open the better in most cases.
Think:
More positive tradelines
Lowered util
Increased aaoa

:-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
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