How Many Credit Cards Is Too Many

In your quest for better credit, you've likely questioned whether you have too many credit cards. The ideal number of credit cards is a difficult number of come up with because different people have different financial situations. You can use some guidelines to help evaluate your number of cards.

• Is the number of credit cards causing your debt-to-income ratio to increase?
• What about your credit utilization?
• Do you have more credit cards than loans and other types of credit accounts?
• Are you having trouble keeping up with your credit card balances and payments?

If you answered yes to any of those questions, you should read Do I Have Too Many Credit Cards?. As you think about closing some credit cards, make sure any credit cards you close won't negatively affect your credit.

More on Closing Credit Cards:
The Right Way to Close a Credit Card | How Closing a Credit Card Affects Your Score