Think balance: for most people, having two or three credit cards is perfect. If you have a special reason to have more cards – for example, if you own a business or are intentionally maximising temporary sign-up rewards – great. But if you find yourself swamped with the number of cards you have, close the inactive ones. As long as you have good credit, the long-term impact will be minimal and you’ll sleep easier at night with a simple financial system you can easily keep track of.
