Bestow wisdom upon me my elders.
I am pretty credit savvy and at only 21 have great credit (749 FICO, 24K in total credit line). I do however have a number of cards. (Discover, Capital One, Barclay, Chase, Kohl's, Goodyear, Best Buy, JCPenney.)
I get a slew of credit card offers in the mail and as my credit has gotten better, I've been getting better offers (read: better rewards, lower APR, long terms of 0% APR). I want to get some of these better cards but I already have so many and I know that closing older accounts can adversely effect credit scores. I'd like to close Barclay and Chase due to their low credit lines and higher APR.
I just need some advice please. Not sure what to do or in what order.
Advice does not include reaming me for the amount of cards I have or whatever. I manage my money extremely well, which is reflected in my score.
I've had the Barclay and Chase for about a year. Capital One is my oldest at about 4 or 5 years.
Thanks
Throt
I am pretty credit savvy and at only 21 have great credit (749 FICO, 24K in total credit line). I do however have a number of cards. (Discover, Capital One, Barclay, Chase, Kohl's, Goodyear, Best Buy, JCPenney.)
I get a slew of credit card offers in the mail and as my credit has gotten better, I've been getting better offers (read: better rewards, lower APR, long terms of 0% APR). I want to get some of these better cards but I already have so many and I know that closing older accounts can adversely effect credit scores. I'd like to close Barclay and Chase due to their low credit lines and higher APR.
I just need some advice please. Not sure what to do or in what order.
Advice does not include reaming me for the amount of cards I have or whatever. I manage my money extremely well, which is reflected in my score.
I've had the Barclay and Chase for about a year. Capital One is my oldest at about 4 or 5 years.
Thanks
Throt
Last edited: