Credit cards play a large role in the development of your credit profile and your credit scores. Credit cards can greatly demonstrate your responsibleness, your payment history, your usage patterns, and your overall ability to be able to handle credit. So how many credit cards should a person have to get the best credit score? What is more important how high your credit limits or how much you owe on your credit cards? Which credit cards should I payoff first, high rate, high balance cards or low rate, low balance cards? After you pay off your credit cards, should you close the account? These questions and more will be answered throughout this page.

The most common credit card tip is to grab all your credit card statements and see what credit card charges the highest interest rate. When you find the credit card with the highest rate you should apply as much as you can to that credit card while making minimum payments on the other credit cards. Once the credit card with the highest balance is paid off move on to the next credit card with the highest interest rate. Repeat this process until all your credit cards are paid off.

 

 ++