Cancelling store cards be good or bad for credit score?

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ncosky290
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Cancelling store cards be good or bad for credit score?

Postby ncosky290 » Thu Feb 14, 2013 8:02 pm

should i cancel my store cards? I have 9 of them and i have 5 normal cards. 2 discovers, 2 mastercards, and an Amex.

Thoughts?
Nick*
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-


Rory
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Postby Rory » Thu Feb 14, 2013 8:08 pm

if they dont have annual fees just stick them in a drawer and let them collect dust and boost your AAoA. Maybe use them each once and year but no reason to cancel them unless they are sucking money from you
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
Its not about the ending, its about the journey,
just as long as the ending is just as good :cool:



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