Submitted on July 18th, 2009 by Michelle (not verified)
Hi Carrie!
I am 19 years old and I have a lot of credit cards. I have a total on 12 credit cards. 9 of them are department stores. 3 of them are visa or mastercards. I have balances on 3 of the cards and they are very small. One of them is card I use on a regular bases and I pay it off always and never have interest. One of them is for a bed that will be paid off in one month. One of them is a computer that I will also have paid off in a month or two. Both of these have a no interest for one year one of them the year is almost up and the balance 0. One I got a few months ago in order to get a computer, but I still would like to pay it off and not wait so long.
I really want to cancel some cards because I applied to a major credit card with a miles program and was not accepted because it says I have to much open credit available. I am very good about my credit to never have any interest rates because right after I buy something I keep the receipt and send the money online right away that night and it goes right back down to 0.
To be honest the reason I got all these cards is because I know I am responsible and I use the cards as if they are just like money because I never let any interest build up might as well because most cards give you a reward after you spend a certain amount.
Now I realize though that is was probably not the best decision because I can't get a decent main credit card with good rewards because I have to much of open credit.
Some of the shops i really would not mind canceling they are cheap stores and or I hardly shop there at all.
The bed credit card with the highest balance will close soon when it is all paid off anyway so I don't know if I should just wait and not cancel anything and when that one is closed it will be better. Or should I also cancel a few of the department ones as well? And if so all at once or what?
Hope I was clear. Thank you very much for the help!
Hi Carrie! I am 19 years old
Submitted on July 18th, 2009 by Michelle (not verified)Hi Carrie!
I am 19 years old and I have a lot of credit cards. I have a total on 12 credit cards. 9 of them are department stores. 3 of them are visa or mastercards. I have balances on 3 of the cards and they are very small. One of them is card I use on a regular bases and I pay it off always and never have interest. One of them is for a bed that will be paid off in one month. One of them is a computer that I will also have paid off in a month or two. Both of these have a no interest for one year one of them the year is almost up and the balance 0. One I got a few months ago in order to get a computer, but I still would like to pay it off and not wait so long.
I really want to cancel some cards because I applied to a major credit card with a miles program and was not accepted because it says I have to much open credit available. I am very good about my credit to never have any interest rates because right after I buy something I keep the receipt and send the money online right away that night and it goes right back down to 0.
To be honest the reason I got all these cards is because I know I am responsible and I use the cards as if they are just like money because I never let any interest build up might as well because most cards give you a reward after you spend a certain amount.
Now I realize though that is was probably not the best decision because I can't get a decent main credit card with good rewards because I have to much of open credit.
Some of the shops i really would not mind canceling they are cheap stores and or I hardly shop there at all.
The bed credit card with the highest balance will close soon when it is all paid off anyway so I don't know if I should just wait and not cancel anything and when that one is closed it will be better. Or should I also cancel a few of the department ones as well? And if so all at once or what?
Hope I was clear. Thank you very much for the help!
Michelle