This post comes from Trent Hamm at partner blog The Simple Dollar.
I often get notes from people who have a small mountain of credit cards. They're trying to figure out which ones they should keep and which ones they should cancel, and they're rightfully concerned about their credit score if they do that.
A wallet full of credit cards can be a problem: You have more opportunities for identity theft and, with so many credit cards, your total line of credit may be high enough to hurt your credit score. There are other issues, including extra paper management and an unreasonably fat wallet.
If you have a mountain of cards, what should you do to trim them down? Here are my recommendations:
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