Preserve Credit Cards with Good Credit History

Credit cards will always have a credit history and there is no escaping this. What you can do is maintain a good credit history on as many credits cards as possible. If you are thinking of getting a new credit card and your finances allow you so, then keep the ones with good credit history. A good credit history helps you in 2 ways. First – it will help you get a new credit card easily, faster and hassle-free. Second – a good credit history improves your credit score, which in turn increases you chances of getting a loan. So, always retain such credit cards.

Decide Which Ones to Dispose of First

Retaining credit cards with good credit history is not enough. You must also curtail useless outlets of money in order to increase your finances. So, you must dispose of the unnecessary credit cards. Chuck those cards away which instigate you to shop more. Getting rid of credit cards that simply tax you has a twofold benefit. First – it cuts back on unnecessary outflows of money, which affect your finances negatively. Second – it helps in improving your credit score. So, if your credit score goes up by disposing of useless credit cards, then do so at the earliest.