Originally Posted by
edh101985
With credit cards though, wont it hurt your rating if you cancel the cards? I would just hate paying like $100 per card a year if it never gets used.
To some extent, but probably not so much that it would otherwise be worth keeping the card.
To balance things out, you can/should/probably will have to start out with some no-fee cards. These will keep your average account history length longer and keep your debt-to-available-credit ratio smaller than it would be otherwise.
When and whether to cancel an annual fee card is a recurring blog topic. Here's the latest post I could find:
http://boardingarea.com/blogs/viewfr...-signup-bonus/