steve25rx wrote:Is having several cards with somewhat higher limits a good thing for my credit score?
It's not so much the limits as it is utilization. High limits can help but not if you also have high balances.
steve25rx wrote:I originally thought so, but am thinking now that it may not be.
Why? Did your scores drop?
steve25rx wrote:I also have a Premier Rewards Gold from Amex so I figured that may be why I got the higher limits.
It's not from holding a specific card. Limits are always a matter of your credit and income versus those qualify for with a given creditor. IIRC AmEx's charge cards all have the same underwriting criteria aside from the Centurion.
steve25rx wrote:I was reading that if you go for a car or home loan they don't like if you have a high credit limit.
It's generally debt, not available credit, that is a concern but creditors aren't all identical so it really depends on the specific mortgage lender. If it's a problem for the creditor you're applying to you can close accounts as needed.