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achyled wants to know:

I’ve heard both… my teacher said having a lot of credit cards will lower my score. But I also read that part of your credit score is based on the formula

how much you owe/ total credit , so in that case having more cards would be better. I have 7 cards and I only use 2 of them. Should I cancel my other cards?

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Edward G wants to know:

I have several credit cards that have annual membership fees required. But I do not use them and have no plans on using them in the future. I’ve been told that if I cancel these cards that my credit scores will suffer because of the cancellations. Is there a way to cancel these cards without causing anymore danage to my credit scores?

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eyaljosch wants to know:

I want to advertise a product via the internet, for the international market. It can be bought only by a Credit Card.

Therefore I would like to know, per each country in the world, how many Credit Cards are there, or: How many Credit Cards per resident in each country?

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chiquichin wants to know:

I ‘ve noticed that my two credit cards just increased my limits to more than 10k. I’ve heard that having too much potential credit is bad for mortgage lenders. Would it help if I get my credit card limits down?

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triguyinla wants to know:

I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards with no intention to pay them?

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LadyMar wants to know:

I have been using rewards cards and paying off the balance for years. I have read that applying for new credit card wont affect your record if you only get one, and don’t open too many in a short period of time. Not sure what “short period of time” is . There are 3 rewards cards I have been meaning to get because of bonus/rewards, but not sure how I should space them out.

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Yogiandbooboo wants to know:

I have no credit card debt but a few credit cards that are open I never intend on using. Is there any way I can close these accounts without hurting my credit? I do not like the idea of having open credit card accounts, for fear of theft of these numbers.

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msc44 wants to know:

I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card has a negitive effect on your credit score. Is this true? If so, how do I switch credit cards and avoid affecting my credit score in a bad way?

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man wants to know:

I am having 4 credit cards and done the balance transfer. Now I need to pay one of credit before April. I want to apply one more credit card to do that. It is possible to apply one more credit card. Which is the best credit that gives me higher credit limit? When can I apply the credit card?

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megan_trigg2000 wants to know:

I am planning on getting my first credit card this summer and was wondering on what is the best one to get and why? What should i look for in looking for one?

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Pepper wants to know:

I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about $10,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance!

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shooter 1 wants to know:

I have zero debt. I also have several credit cards. I am wondering how it will affect my credit to request the highest limit for each card, or if I should cancel all but 2 and have those with high spending limits. Along the same lines, how does “available” credit affect one’s credit score negatively or positively? If I get a $50,000 limit on a card (with 0 balance) but say, go to buy a car, will I be denied because I have too much credit out there?

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kevinitisii wants to know:

I don’t see a link on the website and I want to put my 3 other cards on my target visa to save some money. I go to the other cards sites and they don’t have options to pay with credit card, only bank info. Why can’t you pay credit card bills with another credit card? I can’t seem to find out any info on how to do that. Thank you.

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moehend wants to know:

I am paying off some credit cards and I would like to know when it will show that I have paid them off.

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monicamellish wants to know:

I am working on paying off my credit cards because I am planning to retire in 3 to 5 years. Is it ok to close out these paid up cards all at one time or does it matter?