Credit Cards......? Will closing out my credit cards (after I have remunerated them off)

Will closing out my credit cards (after I have remunerated them off) hurt my credit? I have (in lay down I recieved them) Capitol One, Chase, Providian, Applied Card Bank, Aspire Card Bank, Orchard Bank, and Wal-Mart. I am closing out Applied, Aspire, and Orchard.

I am keeping Capitol One and Chase because they are my longest (I heard you stipulation to keep your oldest) and I am keeping Providian because it have my highest credit issue (I was told you stipulation at least ONE card near a good credit limit) and I am keeping the Wal-Mart card merely because.

I haven't used any of them in over three months and I own been working on paying them sour (I am down to half the set off on all of them). I want to close out those three once I've remunerated them off but I am curious on if it will hurt my credit to own them closed?

If it does hurt my credit, will having the others (on not anything balance or salaried off every month) serve it more then closing will hurt it?

Thanks!! Hi, credit cards are revolving credit and show your maximum credit limit even when they are closed. Credit score are between 200 and 900 you want to be around 700. 3 credit cards are a good amount to enjoy, more than 3 could lower your credit score even if no harmonize because you have undo lines of credit. Call the other credit card companies and close out the cards you don't need especially the ones beside high interest rates. You really shouldn't hold any cards with rates difficult than 0%, 2.9%, or 4.9%. Anything higher next to balances should be remunerated off as soon as possible. Or verbs the balance to a card next to an introductory rate of 0% or below 5% for 5-12 months, where you are mostly paying the debt and not the interest. But hang on to an eye on the expiration date of introduction rates as they will jump up when their intro time is over. When balance are paid stale those accounts show paid but still are quantity of your credit report. To have an rationalization taken off your report when compensated in full or closed can lug at least 3 months. Pay loans prompt and keep the number of credit cards to a minimum and that will comfort you maintain a well-mannered credit score. Good luck. -R

Other Answers:
no, it won't hurt, and it sounds similar to you have a perfect rating, because you sound responsable

Answers:
Closing accounts can sometimes hurt your rating. See the first connection below. You are right in keeping your oldest accounts uncap, as your credit score is to a certain extent based on how long you hold had credit.

The second relation is Yahoo's information on improving your credit rating. The third interconnect is Motley Fool's information on improving your credit rating. Good luck! It won't hurt your chalk up or help it.
Keep the cards instigate but don't use them.

A company like Chase is great for your credit gain, Providian is also wonderful, these are company's that won't really charge you a lot of monthly nouns charges(if any).
BE very hugely careful of CAPITAL One I would not recommend them even to my worst opponent.

This is a card that maybe closing, and perversely not using once the debt is down is a good hypothesis. Capital ONE has a funny process of reporting you as over your credit limit when you're below it. (really big on charges also)