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dontknowscreenname

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Is it a good idea to get rid of old credit cards and get new ones with better rewards?
I have 15 credit cards and only use 2 that have rewards. Can I get rid if some and get a new recommended card without hurting my credit score?

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You probably would see your score drop much more from opening new credit card(s) than closing them. And please DO NOT applying any types of credit solely based on CK's recommendations or approval odds.... Here a post from MyFICO dot com about scoring effects on closing credit card.

CLOSING CREDIT CARDS

THE FACTS 

Closing a CC (credit cards) does not lower your FICO scores in and of itself. When deciding to close a CC there is two important things to consider. In the short-term, closing a CC can have an adverse affect on your UTIL percentage calculations and this in itself can definitely lower your scores. In the long-term, a closed CC in good standing (nothing derogatory reporting) with a $0 balance will generally be deleted from your CRs (credit reports) after 10 years. Once this account is deleted, you lose the history and age and this might lower your scores. 

SHORT-TERM

The most important factor to consider when closing CCs is the affect on your cumulative UTIL percentage calculation; this is the total sum of all of your CC’s CLs (credit card limits) divided by the sum of their balances.

LONG-TERM

In the long-term, closing a CC in good standing with a $0 balance will generally be deleted from your CR after 10 years. Once this account is deleted, if your length of credit history and/or average age of accounts decreases in the number of years, your scores might drop.

FINAL NOTES 

In the short-term, there should be no adverse affect to your FICO scores, average age of accounts, or the length of your credit history, provided there is no increase in your util% calculations after you close any CC(s). In the long-term, a CC in good standing (nothing derogatory reporting) with a $0 balance will generally be deleted from your CRs (credit reports) after 10 years. Once this account is deleted, you lose the history and age of this TL and this might lower your scores. 

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NEVER!

Helpful to 1 out of 4 people

Those old cards serve 2 purposes. 

1) They show how long you've had active credit, close them now and the "Age" of your credit history is shortened, Lowering your score.

2) The credit limits on those cards are combined into your "total available credit" which helps your score, Close them and you will loose that available credit. Lowering your score. 

if you do not use the cards, eventually the lenders will close them. 

But use them at least once a year and they continue to work for you. I put old cards into a rotation and i might charge one thing on them a couple of times a year, just to keep them active. I tend to use these types of cards for small purchases that will be paid off when the bill comes so that they do not accululate interest. 

 Rewards are not all they are cracked up to be. Unless you use your card extensively for travel or work etc, then most people rarely accumulate all that much. You can always apply for more credit with new rewards cards anyway.  If you don't want to use the old cards, Then stop using the cards with the lowest credit limits. let the lenders close those on their own schedule once you have new cards to replace them. 

Good luck 

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