Is there a such thing as too many cards?

[CreditInspired]

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@kdm31091 wrote:

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@iv wrote:

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@kdm31091 wrote:

 FICO itself does not penalize for "too many" accounts and there is no threshold for "too many" in terms of your score or credit report, so it's largely preference and what you're comfortable with managing.

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FICO does penalize for "too many"...

It's a fairly minor effect, but I've had that pop up for TU4 in the last reason code slot... while at 18 total tradelines (cards, AU cards, auto loans, mortgages, and HELOCs).

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Interesting. People never really mention this, so it's good to know. Apparently there is (however slight) a score ding for "too many" cards then.

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I so dislike generalities. It would have been nice if moderate and relatively large had been defined, i.e., moderate 4-5, large >10

[Anonymous]

I started seeing the code at about 14 or 15 CCs. It’s only on some algorithms and some industry options. There are a list of negative reason codes you can examine.

I say nuke the Delta unless you can get a SP CLI. CL is too low and you don’t use it.