Originally Posted by
ksf45632
In order to help your credit score, the best path would be to downgrade to the free version. If you close an account or reduce the credit limit, your balance-to-limit ratio will increase simply because you are decreasing the denominator. This is one of the many factors that determine credit score. If you plan on churning, you will probably have to close some of the cards in order to get approved by that lender again. Your credit will take a ding, but you have to weigh the pros and cons.
If you're trying to massage your credit card, spend money on each of your open credit cards and pay it off on time in full each month. Over time, you will build a long credit history with several lenders.
balance-to-limit ratio wont change much if hes got no balances and not using cards....shut em all down...keep a few no fee cards to have some long term accounts....points from opening and closing accounts are minimal and fall off in a short time. If you want new bonuses you need to shut down old cards and wait to reapply.