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Josh850someday

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Can canceling a card that hasn't been open long boost my credit?
My average age of open credit accounts is about 4.25 years, but my oldest card is about 10 years. If I cancel a couple of my newer cards (about a year or less old that I opened at department stores) will this boost my credit score? I understand that the balances will have an effect on my percentage of credit being used, I should still be under 20% after canceling. I don't plan on using these cards, they just helped me to buy a few things for my upcoming wedding by getting me discounts. What I hadn't realized until I started using Credit Karma was that I have opened 21 lines of credit since my first card about 10 years ago. Will canceling cards reduce that number, or will that hang around for 10 years?

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No, closing those cards will hurt your credit score.  Use them once a year, keep near zero balances.  The number of cards doesn't matter, it is your overall utilization that matters.  Keep that under 30% or lower and you'll be fine.

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