Stupid question, cause I truly dont know. I always read stuff out here and you guys are just awesome with advice. Not sure i posted this in correct place. My apologies if i didnt.
I plan to sale my house this summer and downsize into smaller rambler house as i plan to retire in about 5 to 6 years. I have done very well in my current home with lots of equity. I want to close some credit cards as i dont need them, and dont want to be tempted. I paid all my credit cards off but 1 with 3% posting on AlaskaFCU Visa ($12000 limit, owe $275) . I plan to keep my oldest cards (Amex, Citi and AlaskaFCU).
I want to close the cards that i applied for in the last 3 to 4 years (4 cards). Will my credit take a huge hit closing out the most recent cards. My total limit across all cards is $71,350. I have 1 inquiry on each of my reports.
I want to keep:
AlaskaFCU Visa - $12000 limit
Amex BCP - $8600 limit
Citi DC MC - $10300 limit
My scores are as of Feb 2019 (TU 793, EX 810, and EQ 817)
I would have plugged my scores on my signature, but stupid me i dont remember how.
Good reply from ITD above. I see no reason why you shouldn't close the cards if you don't feel you need them. Your FICO scores will not suffer even a single point based on the information given.