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I agree...Just a heads up, cancelling a cc does negatively impact your credit score so if you are considering financing something do it before cancelling the card.
I disagree, when I bought my 3rd house (while owning 2 others) I had to pay off and cancel a couple of credit cards first to get financing. The more open lines of credit the more risk. Last time I purchased a new vehicle my FICA score was 844, and that was after cancelling some credit cards, so I'm not sure how cancelling a credit card will hurt you. Now opening several new ones can lower your score, but closing old ones is unlikely.Just a heads up, cancelling a cc does negatively impact your credit score so if you are considering financing something do it before cancelling the card.