ak_knitter

My husband and I have six credit cards with three companies (each of us has an account with each company). Is there a way to combine my husband and my cards together since we both have different accounts for the same card company and we each have authority to use each other’s cards? Is it a good idea? I was thinking of doing this and eliminating several cards. Is that a good idea too? What is the best course of action in this case? We have a solid relationship so there is no fear there.

My husband and I have six credit cards with three companies (each of us has an account with each company). Is it better to have more credit cards to your disposal or fewer? Is having so many cards bad for my credit overall? I was thinking of cancelling several of the cards because they are just sitting there with zero balance. Each card has a very high line of credit (I have been a stickler for on time payments and never miss a payment) and I understand that is nice to have that cushion for emergencies. It is kind of nerve racking thinking of all the identity theft out there and keeping track of each card.

I have had two cards sitting at a zero balance for two years now and my goal is to have more cards at a zero balance soon. I have heard that credit card companies don’t like you not using their card so they will give you a worse credit rating if you keep it at zero. Is this true? When and should I cancel a perfectly good credit card with a high line of credit?