FlyerTalk Forums - View Single Post - Personal CC optimization strategy question
Old Feb 7, 2011 | 7:46 pm
  #5  
FrequentFlyer9000
15 Years on Site
 
Join Date: Sep 2006
Posts: 526
Do not cancel or throw away your cards unless they have an annual fee. Keeping them in the drawer and using them once a year will improve your credit score. There is no penalty for too many lines open.

Of course, annual fees make it a moot point. Cancel those whenever you lose your use for them.
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