The current card I have is the only open line of credit I have, and I've never missed a payment, made a late payment, or carried a balance beyond a few dollars.
In regards to Martian's comment regarding open/unused credit: The newer card would have a significantly higher credit line, but I wouldn't be spending any more than I do now, so I would have more "unused" credit in the sense that there would be a higher amount available if I should need it, though I don't put things on credit unless I'm sure I can afford the bill at the end of the month.
If I did keep the older/replaced card open (and I suspect I will), I likely would throw it in a drawer somewhere and not carry it with me; as I'd be wary of accidentally using it a few times, losing track, and missing payments as a result of multiple card usage.
Do credit card companies still issue statements if the card's balance is $0?
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