How much is too much? I didn’t even know? I had over 35 credit cards until 2 weeks ago when I decide to cancel a couple accounts. By no means am I a heavy spender, I have no debts (kind of). It just so happens that I’ve racked up a lot of accounts over the years, many of which were never even used. Why I signed up for them? I have no idea, promotion, free stuff I guess. Anyhow, I spent an hour or so canceling about 32 cards. Now I’m down to five, more then enough for the lifestyle (simple) I live. Now to think of it, having so many cards can be dangerous. To all all of you out there, make sure you don’t make the same mistake I did. If you haven’t already, start canceling some of the ones you don’t use. This will take a load off your credit rating (deeming you less risky).
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