Re: Want to be debt free with min. Cards
01-26-2013 10:00 PM
If your goal truly is to shore up the credit rating for the future then prioritize the cards you want to keep by longest age and highest limits. That way you are shoring up your AAoA and CLI position. Unless you think you'll have the discipline to manage dozens of cards on a spreadsheet each weekend as the other poster noted, it's a good idea to get the number down to a managable level.
what cim said! (in many fewer words than my post)
BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ... Chase Freedom MC $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6k
myFICOs as of 12/28/13:... TU=787.... EQ=793