topic Re: Is it better to have several un-used cards or cancell them? in Understanding FICO® Scoring https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Is-it-better-to-have-several-un-used-cards-or-cancell-them/m-p/262816#M22971 <DIV>Welcome to the FICO Forums, skeeter!</DIV> <DIV>&nbsp;</DIV> <DIV>Closing old accounts in good standing is one of the most common mistakes people make.&nbsp; Closing a credit card is usually&nbsp;not a good&nbsp;idea from a FICO perspective, and will never serve to give you a short-term increase in your FICO score.</DIV> <DIV>&nbsp;</DIV> <DIV>Read this link to find out why:</DIV> <DIV>&nbsp;</DIV> <DIV><A href="http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&amp;thread.id=16915" target="_blank">http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&amp;thread.id=16915</A></DIV> <DIV>&nbsp;</DIV> Thu, 12 Jun 2008 12:54:21 GMT Anonymous 2008-06-12T12:54:21Z Is it better to have several un-used cards or cancell them? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Is-it-better-to-have-several-un-used-cards-or-cancell-them/m-p/262813#M22969 <DIV>I have 19 cards, most have zero balance and are never used. Would my score increase if I cancelled them or is it better for my score if I have several in good standing?</DIV> Thu, 12 Jun 2008 12:47:00 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Is-it-better-to-have-several-un-used-cards-or-cancell-them/m-p/262813#M22969 Anonymous 2008-06-12T12:47:00Z Re: Is it better to have several un-used cards or cancell them? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Is-it-better-to-have-several-un-used-cards-or-cancell-them/m-p/262816#M22971 <DIV>Welcome to the FICO Forums, skeeter!</DIV> <DIV>&nbsp;</DIV> <DIV>Closing old accounts in good standing is one of the most common mistakes people make.&nbsp; Closing a credit card is usually&nbsp;not a good&nbsp;idea from a FICO perspective, and will never serve to give you a short-term increase in your FICO score.</DIV> <DIV>&nbsp;</DIV> <DIV>Read this link to find out why:</DIV> <DIV>&nbsp;</DIV> <DIV><A href="http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&amp;thread.id=16915" target="_blank">http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&amp;thread.id=16915</A></DIV> <DIV>&nbsp;</DIV> Thu, 12 Jun 2008 12:54:21 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Is-it-better-to-have-several-un-used-cards-or-cancell-them/m-p/262816#M22971 Anonymous 2008-06-12T12:54:21Z