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Do you not get dinged when you cancel these credit cards? How long do you typically keep them open?
[USER=115]@kevin[/USER] — There’s a small hit for each “hard pull” but in general having more cards (and using them responsibly!) is actually good for your credit: [URL]http://onemileatatime.boardingarea.com/2015/03/30/whats-my-credit-score/[/URL]
Kevin, personally I keep the cards open for as long as they add value. There are plenty of cards I hold onto long term because of the annual benefits they offer just for having the card:
Then there are cards I keep open because they’re the most rewarding for everyday spend thanks to their category bonuses:
And then there are some with great sign-up bonuses where I can’t justify the annual fee after the first year.
As Tiffany notes, you don’t get dinged for closing a card, per se, though your average age of accounts is one thing which factors into your credit score.
Hope that helps and let us know if you have any other questions.