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Shoudl i close any card after paying it off if it not one of myoldest? Doenst oomany open cards also negatively affect score? thank you
bw
Whether or not you close cards is for you to determine using the information below along with your needs, wants, priorities, goals, preferences, etc. There is not a yes or no answer that applies to all cases.
This thread is linked in the Helpful Threads sticky in the Credit Cards subforum:
http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=117125&jump=true
Scoring factors are covered here:
http://www.myfico.com/crediteducation/whatsinyourscore.aspx
Number of cards is a common topic. It's not the number of cards that matter as far as your score is concerned. It's more a matter of your specific needs/wants and what you can responsibly manage. You can also refer to: