USADR wrote:After I posted this I applied for the Discover IT card and am approved for $5500 Now I am going to stop getting cards because what I have been reading is that to much credit line also hurts your score. Is that correct?
A lot of new accounts can bring your score down since your AAoA decreases, but that will bounce back with time. Having more available credit vs utilization will help as well, and that will actually boost your score. So if you had $1000 you carried every month, and only had a $2000 limit, that's 50% utilization. So if you get a credit limit increase to $3000, you're down to the magical 33% (and should try to even stay below 10-15%).
In the case of credit cards, less is more in that you should focus on what ones will give you rewards that fit your lifestyle instead of going for as much as you can.