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Raleighcat

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Close accounts or not?
If you have too many credit cards, is it better for your credit score to close the accounts as you pay them off? I've heard two different theories.

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Keep the Oldest Card

Keep the oldest credit card and use it 3-4 times a year to keep it active.  The oldest card is used to calculate age of credit.  I woud closer the newer accounts first. 

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