Does number of CC affect Credit Score?
Jun 7, 2012 | 1:54 pm
#1
Original Poster
Join Date: Sep 2011
Programs: United Plat, SPG Plat, Marriott Plat, Hyatt Diamond, National Exec Elite
Posts: 108
Does number of CC affect Credit Score?
I had 6 CCs when I started this year with avg age 4yrs/card -- including 2x AA 75k cards from late last year.
I got 2x Chase (Sap Pref + United Expl) earlier this year and just got 2x AMEX (Premiere Gold + SPG Buz) cards couple of days ago.
Just check my Credit Score in all 3... and it shows min 771 and max 780.
I just cancelled 1 AA Amex card thinking that I now have too many cards.
Can somebody please tell me how does number of CC affect Credit Score? Should I have cancelled the AA card, as it still had got 3 months remaining before I would have been charged annual fee.
Thanks!
I got 2x Chase (Sap Pref + United Expl) earlier this year and just got 2x AMEX (Premiere Gold + SPG Buz) cards couple of days ago.
Just check my Credit Score in all 3... and it shows min 771 and max 780.
I just cancelled 1 AA Amex card thinking that I now have too many cards.
Can somebody please tell me how does number of CC affect Credit Score? Should I have cancelled the AA card, as it still had got 3 months remaining before I would have been charged annual fee.
Thanks!
Jun 7, 2012 | 2:10 pm
#2
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,876
Moderator action
Please follow this thread which asks the same question is a slightly different way:
http://www.flyertalk.com/forum/credi...dit-score.html
http://www.flyertalk.com/forum/credi...dit-score.html