We called last November to close some of our more recently opened accounts with smaller lines of credit and decided to keep the longer open accounts with the largest available lines of credit.

Q1) Was this a smart move?

When I called Discover to close my account, I was asked if there was anything they could do to make me want to keep the account open. I said no.

Q2) What CAN they do for a customer in this situation?

I almost immediately regretted closing that Discover account, since it was opened in my name and not my husbands name.

Q3) When you are married are your credit scores tied together or is that an individual thing? Should I have kept that account open? I’ve had it since 1996.

My FICO score recently went up 23 points to 744.

Q4) Was this because the 90 days to call Discover and change my mind to keep my account open had passed and it was removed from my open accounts on my credit score? Or did something else effect my credit score increase?

We have about 15 credit cards open and thought we should close some of them. You recently posted it is better to keep credit cards open than to close them. We have approximately $200,000 available to use on credit cards. We chrge about $3000 a month and we pay it off each month.

Q5) How much credit is too much?

You could probably still get a decent rate on a new or newer car. As long as you go to a larger car lot, like Ford, Chevy, or a Toyota Dealership and get a direct loan from them. Major dealerships give loans to their banks in lots. So if a bank wants to do business direct with that dealer they have to accept all of their accounts and not just the better credit rating customers. Good Luck!

Jack