Originally Posted by
nirm41
I would keep the older ones as mentioned above. And I would only keep 5-6 total. More than that is just too many to keep up with. Whether you are using them or not. Close the annual fee ones as time comes. But you don't have to close everything at once either. Close a few at a time, so there is no sudden drop in total credit.
I think you're right about not closing too many too fact, but I have about 25 open credit cards, not including AU accounts, and my scores have not been affected nor have I found it to be "just too many."
I think the OP should avoid closing cards until they are at least 25 months old and if the annual fee cards have higher rewards than the fee there is no need to close them.