About to purchase- Finance questions

I have been told having too much available credit is just as bad as no open credit. Face of the matter is no one knows for sure what makes it go up or down. In my experience, just the act of closing cards has not adversely affected my credit...however, I usually have a new line of credit not too far behind it.

The question was if closing cards effects credit. The answer is no, but possible indirectly. If you have enough open credit you should be fine. I'm am proof. Show me someone who has closed all their credits and their credit dropped to 500. Sounds like an old wives tale to me.