I owned 3 credit cards from different banks (BPI, BDO and Metrobank) eventually I would like to cancel 2 of them since I can’t handle all of them or at least lower the credit limits. How do these actions will affect my credit rating, will it have a positive or negative effect or what is the best thing that I can do with it? Any help or suggestion would be greatly appreciated.
maybe it is good to plan some kind of strategy, like, use “credit card A” to pay for “credit card B” and use “credit card B” to pay for “credit card C”. this way, it is like prolonging the period of payment for each account. ;)