Is it bad to have credit cards I don t use?

I just applied for 2 credit cards online, and was accepted for both. I m just now realizing you don t get a chance to decline the acceptance. So now that I ll be sent these two cards in the mail, will I be losing money or anything if I never use them? I plan to apply for another one because the first two weren t as

I just applied for 2 credit cards online, and was accepted for both. I m just now realizing you don t get a chance to decline the acceptance. So now that I ll be sent these two cards in the mail, will I be losing money or anything if I never use them? I plan to apply for another one because the first two weren t as good as the one I am applying for now (in terms of cash back rewards). So I ll have two I never use. Is that bad?

Other answer:

Ash:
Not bad unless they have annual fees. If you need to build your credit, use all the cards for a few of the things you normally buy, pay off the bill each month, NEVER miss a payment or be late, and over time the limits on each card will be increased, which will be a big help to your credit score, even if you don't use the cards anymore afterwards.
JenWales:
Your problem is going to be trying to obtain too much credit in a short period of time. wait awhile (6 months) before apping for something else. Your score is going to drop both from the additional inquiries and the new accounts.

I have about a dozen open accounts that I don't use. They are helpful to me (unused credit lines and age of accounts) but they were opened over the course of a couple of decades. Let your current stuff age a little.

StephenWeinstein:
No. What is bad is applying so often. You probably might not get the third one, because with a record of having just applied for two others, you are likely to be rejected. But to answer your question, simply having cards is not bad, at least not as bad as applying.
tro:
if you don't plan to use them send them back and tell them to cancel your account
the only reason for two cards would be one for emergency when something happened with the major one
.:
for each one you have, a percentage is noted as available for use by the reporting agencies – having more that are paid off or not will bring down your score
Bob:
no, not all .. as long as you are not paying an annual fee for them it is fine
Anonymous:
No
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