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48oldman

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Effect on credit score
CreditKarma recommends new credit cards for me that have 0% on balance transfers for 15-18 months. I would like to get one to transfer a high interest balance, but have always read that getting more cards will decrease my credit score. Is that true?

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It's impossible to say what the net effect of the various factors would be.  You'll incur a hit from the hard pul, you'll reduce your AAoA.  You may improve utilization if the limit on the new card has a significant enough credit limit.  However, there are still other factors at play.

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Not necessarily.

I had only 3 credit cards that had high interest (nearly 20%) and low limits.(1500 or less).  I finally took the plunge tok consolidate and that card had a lower interest rate plus a much higher credit limit. That increased my available credit and reduced my usage, resulting in an increase in my credit score.  Having a fairly high amount of credit plus reduced usage only improves your score, generally.  Of course it does reduce the 'age of accounts' a bit which could cause a dip, but that didn't hurt me.  It's a choice only you can make for yourself.

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