Should I close my store cards

[RESSECUP]

I have recently been approved for quite a few store cards and now I am regretting and considering closing.  I will be in the process of looking for a mortgage this time next year.  Will having too many store cards hurt me?

[ptilda]

My understanding is that as long as the util is low, it might affect the AAoA, but I don't think it will hurt a lot. They like to see a few cards. You should be fine.

[FinStar]

What's done is done, so keep them open to build the history.  How many did you apply for or were approved?

[gdale6]

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@ptilda wrote:

My understanding is that as long as the util is low, it might affect the AAoA, but I don't think it will hurt a lot. They like to see a few cards. You should be fine.

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+1

You have already taken the score hit with the HPs, I would get some use out of the cards.

[RESSECUP]

These are all approvals from August until now

Macys

Ashley Stewart

JCP

Target

Firestone

Paypal

Amazon

Walmart

I wanted Major cards with higher limits but I guess my scores arent good enough yet.

I already had A cap 1 secured, Cap 1 quicksilver, Victorias Secret ( they recently gave me an increase) and credit one.--- 

[LearningMoreAboutCredit]

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@RESSECUP wrote:

These are all approvals from August until now

Macys

Ashley Stewart

JCP

Target

Firestone

Paypal

Amazon

Walmart

I wanted Major cards with higher limits but I guess my scores arent good enough yet.

I already had A cap 1 secured, Cap 1 quicksilver, Victorias Secret ( they recently gave me an increase) and credit one.--- 

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As others have stated, keep the cards that are useful to you.  It looks like your AAoA took a hit which was stopping you for getting cards with "major" card issuers much less higher limits.  Let those accounts you want to keep age some to improve your scores and then app for "major" cards that fit your spending habits.

[FinStar]

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@RESSECUP wrote:

These are all approvals from August until now

Macys

Ashley Stewart

JCP

Target

Firestone

Paypal

Amazon

Walmart

I wanted Major cards with higher limits but I guess my scores arent good enough yet.

I already had A cap 1 secured, Cap 1 quicksilver, Victorias Secret ( they recently gave me an increase) and credit one.--- 

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That's actually not too bad, especially since August.  As I mentioned earlier, the history on these will help you.  If you don't plan on using some of these, then you can sock drawer them for a bit (maybe put some activity here and there just to keep them active).  You can evaluate the situation as you get closer to the mortgage and decide whether some of these have not been utilized and possibly close - totally your decision.

Then, after your mortgage process is finalized and closed, you can definitely try for the majors leveraging the history on these.