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Interesting credit score question...
I realized recently that number of open credit cards has risen thanks to 0% financing deals, etc over time. I now have two major cards (Discover, MC) and about 4 store cards (one is a MC). I am only carrying a (very low) balance on 1 card (0% financing).
I intend to do some renovations soon, and was originally thinking about opening a Home Depot card to nab the 10% (or whatever it is) discount, but I am concerned about all these cards.
Should I close the store cards? I know the answer is probably "it depends", but I would like to hear the arguments... My main cards have probably the longest histories...
thanks for any and all help!
Kris
thanks for the info!
Some of the cards I havent used in a year or two (how many mattresses or Panasonic products does one need?), but I do try to use the main ones occassionally...
Reading the article now...
Thanks again!