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Question By
kdlovell

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Is it better to have fewer credit cards with high balances or more with lower balances?
I typically try to consolidate my credit card debt to fewer cards resulting in higher card utilization. Would it be better (score wise) to keep the balances spread over more cards?

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For scoring? Yes, spread it out by percentages and not by amount, as evenly as you can among your cards. However, there are circumstances where I would say "score be ****ed", I would take full advantages of 0% interest than score drop or use the cards with better rewards.

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Reply by
Krissie72

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Excellent point, JohnnyRain. Sometimes the truly smart thing to do is not the thing that's best for your score. That number sometimes has to take a back seat to the budget and exercising good ole common sense.

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