1.) Not true. Open and closed (as long as in good standing and a $0 balance) CC are
1.) Its not usually a good idea to cancel any credit cards, as this will lower your overall average date of credit, and also decrease you total credit limit.2.) Dont listen to those stupid FICO score expolanations that scold you for having too many cards. That is BS.3.) Just remember that, in addition to %util, FICO also looks at having more than half your cards with monthly balances, so try to pay off at least half in full each month.