Quote:
Originally Posted by KTP
We have too many credit cards now. We pay off every card each month but really only use our American Express now for the 1%,2%,3% cashback and Costco purchases. I have a BoA Alaska airlines card that charges $75 a year that we used to use for airline miles, but now that it has 200k points on it I stopped using it for fear they might one day say, oops, we are discontinuing this program, say bye to your points. I think they have already been deposited into the Alaska airlines milage program (should check that) so are probably safe if I cancel that card.
The problem is we have a ok credit score (787) and I don't want to mess it up by doing the wrong thing. Most of the cards have around a 15k to 20k limit, maybe 70k in all?
I would be happy with just 1 or 2 Visa/Mcard and the Amex. We currently have 6 cards total. A pain in the butt to check them each month to make sure there is no unauthorized charges.
So...leave them open and don't use them, or just cancel them?
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I would leave them open, but only make 1 or 2 small purchases on them a month, while using your other cards for the day-to-day purchases...and make sure you pay off the CC's you stopped using in full as soon as possible