Regular Contributor
honeybrook1
Posts: 167
Registered: ‎06-18-2007
Too Many Cards
I have about 12 credit cards listed on my CR's, with about 9 of these currently open.  One of those cards is an WFNNB/Express Card, which was opened in 1995.  I've never really used it, it only has a CL of $300, and it's listed as inactive.  Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL?  My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit. 
 
I sincerely appreciate any and all imput...thanks in advance!:smileyhappy:

Starting Score: 718
Current Score: 718
Goal Score: 800


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Established Contributor
Shnapple
Posts: 837
Registered: ‎02-27-2008
Re: Too Many Cards


honeybrook1 wrote:
I have about 12 credit cards listed on my CR's, with about 9 of these currently open.  One of those cards is an WFNNB/Express Card, which was opened in 1995.  I've never really used it, it only has a CL of $300, and it's listed as inactive.  Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL?  My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit. 
 
I sincerely appreciate any and all imput...thanks in advance!:smileyhappy:



A 13 year old account is pretty good especially if it has no negative info on it. I say keep it.
 
If it's inactive, deleting it shouldn't have much of an affect. I think?
 
 
 
FEB '08 FAKOs: TU 628 | EX 650 | EQ 584
JAN'09 FAKOs TU 686 | EX 705 | EQ 664
EQ FICO: FEB '08 646 | APR '08 678 | SEP '08 679
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
Re: Too Many Cards


honeybrook1 wrote:
I have about 12 credit cards listed on my CR's, with about 9 of these currently open.  One of those cards is an WFNNB/Express Card, which was opened in 1995.  I've never really used it, it only has a CL of $300, and it's listed as inactive.  Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL?  My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit. 
 
I sincerely appreciate any and all imput...thanks in advance!:smileyhappy:


This would not be a good idea.  You don't have anywhere close to "too many" accounts.
 
Removing old closed or inactive accounts with excellent payment history is one of the most common mistakes people make.  Those old accounts are HELPING you a great deal.  Leave them alone until they fall off on their own. :smileywink:
 
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Regular Contributor
honeybrook1
Posts: 167
Registered: ‎06-18-2007
Re: Too Many Cards
Thanks cheddar and Shnapple...I'll leave it be.:smileyhappy:

Starting Score: 718
Current Score: 718
Goal Score: 800


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