Does having many credit cards affect my iScore? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does having many credit cards affect my iScore?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The number and mix of credit facilities factor into your credit profile, but the number alone isn't the deciding factor.

Keep only the ones you need and can manage.

Don't open or cancel cards just to try and change your score.

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