“Do you really need five credit cards? See if you can pay off and close one out.” While I wholeheartedly agree with the idea of reducing your debt level, I’d check with a financial advisor before closing any credit card accounts. Your credit score is largely determined by the proportion of your outstanding balance to your available balance. Closing a credit card account reduces your available balance, so that computation would suddenly make it look like you’re closer to being “maxed out”, even though your overall debt total is lower. By all means, pay off your credit cards, but consider leaving the account open and just keeping the unused card in a secure location to avoid taking a hit to your score (and to have more funds available for a future emergency, if needed).