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Eddielove4444

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Should I close out credit cards
Hello! Ihave a total of 9 credit cards worth about $12000. I just got aproved for a $15000 credit card. Woul it be wise to close out those 9 cards?
Thanks.

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If you want to damage your credit, go ahead. Good credit is maintained by open accounts reporting monthly, if you eliminate most of them that is not going to have a good result. I advise you to do some reading on this. If you decide you still want to get rid of some, only close one at a time and see how your scores are affected. You most definitely do not want to close them all.

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