<prompt> Human: I recently opened several credit cards. One of those cards Chase Sapphire Preferred has a 31,000 line of credit, which is more than I could ever hope to use. One of the reasons Im even fiddling with credit cards at this point is for the introductory offers and travel-related benefits. Does having a fairly large line of credit aversely affect ones credit score? Im planning to open another card Chase Sapphire Freedom and assigning maybe half of that 31,000 line of credit to it. Is this a good idea? Im not super worried if my credit score takes a slight hit from all of the hard inquiries.  <response>: No, its a good thing because your level of credit utilization goes down the more credit you have.To put it another way, if you have tons of credit but only use a small portion of it, you look more credit-worthy to future lenders because an undisciplined person would go hog-wild. 