How many credit cards do y’all have? I’m not sure what the normal amount is and I’m trying to boost my score as much as possible to buy a house. I have a balance on two but I don’t know if having more would help for more credit line to be opened?
I was told by a bank manager not to have More than two
Make sure you’re paying them off and not just thinking the more you use them the higher your score gets. I’m actually going to get a build your credit card thru my bank with an opening balance of $300 so I plan on using it for Netflix Hulu my storage unit and paying it off each month.
1 Like
A lot of credit bureaus say not to use more than 30% of your available credit and pay it off asap
Those inquires will sort of dent your credit a bit. I have 4 but only use 2. Capital one is great!
Minimum payment is $25 bucks and you can start off with about $300
Too many lol… id say 3 is good visa/mastercard/ discover or American express. Sometimes discover & American express aren’t accepted.
Don’t open more cards. Two is like tops. Use them but keep the balances low
I have 1, my husband has 1.
I have 3 that I keep on me. One I use, one for a back up and my husband’s. We have quite a few credit cards that we absolutely do not use. We got them to help with our credit scores. After about 2 years my score went from a 500 to now a 761. Always pay your cards!
Apparently 0 isn’t a common answer but 0. I don’t do credit cards because I don’t spend money that I don’t have. If I can’t afford something big then I most likely don’t need it and if I do actually need it then I’ve been saving for it. I’m not going to pay extra money for rates and fees on top of what something costs
I had probably 20 different CCs, clothing stores and actual ccs when we bought our house. Use experian boost and boost your score if you haven’t already
I wouldn’t say don’t get more bc you can boost your credit with more IF and only IF you are using them to your benefit and correctly. As in don’t hold a balance and reap the rewards. I have 9 which yes is too many lol but I’d saying have a few more to increase your total credit line and if you have a hard time keeping them open or paid off, put a bill on each one (what I do) and pay it off so they are being used and paid off each month
It’s not the amount of cards; it’s your credit to debt ratio and more importantly if you make those payments on time.
Have 1. But don’t use it. I can’t afford to use it. Bill has to be paid then too.