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Matadon- your thoughts are respected. Their are many different views on how to build a high fico score. Some can obtain a high fico with 2 cards others do better with 5. However, a major factor in obtaining a high fico score is credit history, the longer the better. You lose that history by closing a card.
I am a frequent poster on creditboards.com where this arguement is dealt with on a much deeper level. Im not going to go into detail as to why my method is better. I suggest each person does the research themself to full understand credit issues. I will say your view is so to speak more basic in terms of credit scoring. This is a subject which even so called experts like Suze Orman cant comprehend.
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