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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Extra Credit Cards Date:  10/17/2005  1:47 PM
Author:  vkg Number:  212711 of 312612

4 credit cards are not unreasonable.

What is your credit history on the accounts? Do both of your preferred accounts report your credit limit or only your current balance?

If either the Target or Amazon are your only long term credit account, it would be worth considering not cancelling it. If either of your preferred cards are playing games with not reporting your credit limit, they are hurting your FICO score and maintaining the additional cards helps with the overall credit used ratio.

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