is having too much credit available not good?

You'll be fine.

Do you pay your bills on time? Do you carry a balance? That's what they care about.

No. The more credit you have and the less you use, the better your credit score. Most financial people say you should be below 7% utilization.

No. You're good. I do the same. My FICO is over 800.

sounds like you're in great shape

Generally speaking, concerning your credit score, the more available credit you have in relation to your balance, the better. However, when it comes to mortgages and some other loan products, underwriters sometimes do get nervous when the applicant has too much available credit and will not fund the loan.

Since you already have these lines of credit open, do not close them. But, do not open any new ones either until you've closed on your home.

awesome, thanks guys.

Quote from Brian1 : Generally speaking, concerning your credit score, the more available credit you have in relation to your balance, the better. However, when it comes to mortgages and some other loan products, underwriters sometimes do get nervous when the applicant has too much available credit and will not fund the loan. Since you already have these lines of credit open, do not close them. But, do not open any new ones either until you've closed on your home.

I agree w brian. Once you close on your home. close some cards, open some new ones. Use your awesome credit to get more $, flights, points, etc. Usually 400$+ worth of points/flights/etc is worth opening a credit card.

Quote from jaqnabox : I agree w brian. Once you close on your home. close some cards, open some new ones. Use your awesome credit to get more $, flights, points, etc. Usually 400$+ worth of points/flights/etc is worth opening a credit card.

do i need to close the accountss? or can i just leave them open? wouldn't closing on the accounts be more of a negative factor than just leaving it as is?

I had a ton of cards and they just required me to write something up explaining why the last time I refied.

Wasn't a big deal.

Anyhow, pay attention to Brian1.

Best advisor on this forum.

Whatever you do, don't close your oldest credit card(s). The longer you have an active account, the better it is for your score and report as a whole. If you need to close accounts, it's better (generally) to close newer accounts.