I have heard that your credit score can drop when you close accounts, not sure of validity of this statement though.

I would think that all depends on your short and long term goals. If you are intending to be debt free and not use credit, then close the accounts. If you are going to be using your credit for other things, like a car loan, I would close all but the longest on record. If you are wanting a new mortgage, you don't need a credit score, just a brick and mortar, traditional lender.

according to me its not a big mistake.

I would close all but two.. Whatever you do don't let your wife hold onto them.

i think its fine to close two credit cards, it would be not effect of your credit cards.

People worry too much for their credit rating. What they should be worried about is getting on more and more debt.

My husband and I had 4 cards together. We paid off 2 of the smaller ones and closed them. We kept the 2 larger ones open and just use those now. Our credit rating was not affected at all.

I think so it is a very good move, because this will save from further debts that can occur. So closing the cards is a good option. And about the credit, you can build it by paying of the debts on time.

credit card system is not more than a fraud. I proposes that you must get rid of all four credit cards and work on cash.
it means, if you have $100 then you will desire and purchase the thing for only $100 but not more than of it.

Why close the credit cards? There is no need to dump the cards if you don't have to. Just store them away and never use them if that is the main concern. Closing a credit card can cause some issues. You should call your credit card company to find out more information.