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I have over 10 credit cards and I want to close 9 of them



  • Official comment


    Hi Melina,

    I see you have discovered that your credit score can be quite the numbers game!  With so many that you no longer use, each card should be evaluated as to whether it is a good one to close, or a good one to keep.  I found this article in our content that could come in useful for you:



    Best of luck with your task at hand!

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    Educated guess is YES. you will lower your credit score by reducing your lines of credit. Depending on the current score, it could take you out of the GOOD category if it drops too far. I have 9 cards as well. I use them to keep my score up. I got my credit into the GOOD territory with defaulted student loans on my back.  now the student loans are gone I am in EXCELLENT territory. 

    I cannot say how much closing any lines will affect your credit score.  My advice is to pick one card to use occasionally, gas or netflix or whatever, and pay every month. making the payment helps your score a lot.  Cancel ANY cards that have "Membership" or "Annual" fees because these fees are a waste.  Lastly I would  keep the rest of the cards open, just to reap the benefit of debt/credit ratio.  

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