How many credit cards you have....

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Originally posted by: rufruf44
Why is everyone seemed anxious to close their unused credit card? I can understand if they have weak willpower and fear to go into debt or those that just have exorbitant number like dozens or so. But if thats not the case, then why? If any it should help your credit score.

right. i would keep the acct open, it's worth it if it's a card you had for a while relative to the ones you are already keeping.

the credit scores have 1 component where they take the average age of each credit card account you have open.... if you close one oldy card and they rest are not too old, there goes your avg.