Does Having Too Many Credit Cards Affect A Credit Score? - CREDIT CARDS

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TODAY'S SAVING TIP  If you are actively using credit, using one or more credit cards with monthly or bimonthly charge activity, have installment loans(s), vehicle lease, etc. review your credit file every nine to twelve months, otherwise every 15 months is adequate.
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CREDIT CARDS: Does having too many credit cards affect a credit score?


Having too many credit cards with either high balances or large amounts of credit available can negatively impact risk scores depending on the overall credit history.

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