Do you think this is too much credit?

Comments

1. Ask M said on July 6th at 9:25 pm:

   Gee I don’t know, why don’t you get a copy of credit
   reports and pay for the fico scores and if it is below
   680 then you have too much credit AVAILABLE
   since they have zero balances
   References :

2. Jamie F said on July 6th at 9:58 pm:

   i would close some of them out ASAP, just because you dont need that much credit if they have zero balances. also, with that much stuff floating around, there is such an additional risk of identity theft/fraud. id get some of them (first, the CitiBank with th $10000 limit!) out of the picture!!
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3. Vonnie said on July 6th at 10:10 pm:

   That’s a lot of credit, but unless those are your balances, it’s not too much. If you keep zero balances on them all, then your score is unaffected. Go to the credit bureau website, and get your free credit report with score (you are allowed ONE free credit report a year). Then, if your score is above 675, you’re in the "good" credit zone.
   References :

4. Sreeni said on July 6th at 10:22 pm:

   Its not. But if you were to apply for car or house loans, you might not get a good APR, when they look at so much credit on your name.
   You are doing a wonderful job being financially responsible.
   To start with, free credit reports are currently available for consumers living throughout the United States. To get your free report, visit http://www.annualcreditreport.com.
   Also, you might want to cancel out 2 of the Amex cards from the 3 u have — Blue or Clear or Texas Exes from American Express .

   Same thing w/ keeping only one of the 3 Chase cards
   Perfect Card (Visa) or Chase Freedom (Visa) or Amazon.com (Chase) Visa Signature .
   You can even get rid of State Farm Platinum Rewards card.
   When u do cancel, pls. keep the oldest card that u have and tell the customer service to enter — "Cancelled/Closed due to Customer request". CitiBank card will cover for any big purchases.
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5. Shawna Marie said on July 6th at 11:00 pm:

   If they have zero balances, then it isn’t hurting your credit. The only thing that would hurt your score is if you were using all of those cards.

   Read up on how a credit score is calculated here:

   http://www.myfico.com/CreditEducation
   References :
   Licensed Mortgage Broker NC/SC

6. caleb b said on July 6th at 11:08 pm:

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   Read more from: http://www.credit-card-gallery.com/American_Express.html
   References :

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