Is it ever a good idea to close credit cards?
The only good reason I find to close cards are: it's a card with an annual fee that you don't need.  No point bleeding money each year. churning rewards.  Open card to get bonus promotion such as "spend $500 in first 3 months, get $200 bonus".  Close card and open a year later to do that same bonus again if available.  Many cards don't allow you to do this. making room for newer cards at the same bank.  Example, you have 5 Chase Cards and you want to apply for a 6th.  Chase says you have maximized your credit they will extend you.  You close one of your existing cards to get that new card. I have seen that many banks allow you to shift over some over your existing available credit to your new card without having to close them.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Is it ever a good idea to close credit cards?

### Response:
The only good reason I find to close cards are: it's a card with an annual fee that you don't need.  No point bleeding money each year. churning rewards.  Open card to get bonus promotion such as "spend $500 in first 3 months, get $200 bonus".  Close card and open a year later to do that same bonus again if available.  Many cards don't allow you to do this. making room for newer cards at the same bank.  Example, you have 5 Chase Cards and you want to apply for a 6th.  Chase says you have maximized your credit they will extend you.  You close one of your existing cards to get that new card. I have seen that many banks allow you to shift over some over your existing available credit to your new card without having to close them.