What in the order of credit cards? what do you do when you dont want all the credit cards

what do you do when you dont want all the credit cards you enjoy iv had them for a while and two are not getting used because of the glorious interest rate they say it doesnt look virtuous on your credit to close your account so what should i do i want to switch to a company beside better rates mine wont budge.( i thaught it would be better for me to close it then them.

Answers: Do you hold an idea what your credit gain is? If you have a poor win, some companies won't be as willing to work near you. If you threaten to go to a 0% APR card, they may negotiate to keep hold of you there. The interest rates shouldn't be a problem if you wages off your cards contained by full every month, but if you haven't had credit for that long, it wouldn't wipe out you to close the accounts. The main problems near closing accounts are (1) lowers the average age of your accounts and (2) increases the debt-to-available credit ratio. Try not to get within over your head and realize that near some of those other low-interest cards, you end up paying bad the lower APR balance until that time the high "standard" purchase APR, so if you are't paying rotten in full, you're paying interest for those purchases.

I mull over it's okay to close accounts that you're not using. I've done that before. I wrote the company and asked that they close it. Of course, you could a short time ago cut the cards up and not use them...if they have a 0 harmonize and consider them "Closed," but I think it's better to close them. Besides, what if someone ever stole your identity? They would hold access to those accounts, too.

Close all of your credit cards but one. It reflect in your credit report and it is a incredibly good sign. For instance right to be heard that you have 5 credit cards near $1000 credit limit for respectively. Therefore you are responsible for $5000 of possible debt. But when you close 4 of them, now you are merely responsible for $1000 of debt which lowers the level of risk of lend money to you.