I have about 5 or 6 credit cards with a total credit limit way higher than I need. I am considering getting rid of about 4 of them and getting one more better one. Does anyone know how this effects my credit rating? Is it better to keep as high of a total credit limit as possible, even if you don't spend nearly close to your limit? Does it look bad to keep getting new cards and dumping old ones? Any insight is appreciated.