Originally Posted by
jeelele
I think this may finally be the reason for a lot of us to clear out locked drawers from those unused plastic. But again, we don't want to lower our available credit which could have an adverse effect on our scores. It would be really interesting to see how this pans out. Will be keeping a close watch on the developments.
yeah, if we would have foreseen this we would have consolidated all our CLs with a single issuer on our oldest and/or most used card; but as it is, I have 20 Citi cards, 20 Chase cards.... canceling all of them is not going to help my overall credit score.