re: Credit Cards question---updated with more info

quote:

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True OT baller

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Fact.

As to the other poster for why and credit score stuff:

3 of them I never use and are no annual fee. So, if you have no annual fee cards and the bank isn't taking them away, keep them for age of credit. Don't cancel what you don't have to.

I have a few others like a Chase Freedom for me and one for her that we use for 5X. She needs her own cards to have her own credit. Would be pretty fricked up if we split or I died and she had no credit right? Those are no annual fee so no problem. Plus, any sign up bonus I can get she can get. Paying to travel is stupid, and this lets us minimize the times and amounts that we do.

As stated, points game and they get canceled or downgraded if possible since I already have a few anchor lines of credit. Not to mention, I'll never have high utilization, even in an emergency situation where I have to drop $5k on a credit card. So that part of my score is good as well. Of course, you can keep utilization low by regularly paying down your balance and not being a nitwit.

The only cards I will pay annual fees on are one Ink Bold, Amex SPG, and Barclay's Arrival+ as of now.

Obviously, I don't score too well in the "inquiry" department but that's a minor element.