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Additional Details
I do not have bad credit just no credit!!! I do not have a cosigner available and I do not have a mortgage(remember NO credit).
My mom is financing a house for ... |
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A... |
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hi,
I'm 22, and I would really like to know if it is possible to rent or buy a house or a car without any credit? I have no credit whatsoever, I only have a debit card, which works ... |
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My ♥ Is In The City By The Bay! | Getting more credit cards help to keep a good credit record??? |
Hi i just want to know if the quantity of credit cards a person has, can help to improve his or her credit record?( i dont have my record low ok)
I have 2 already, but i would like to get another one. Do you think it's ok to have 3??
Need advices of people who have many credit cards!!!!
Thank you |
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Kim B
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I used to work at a credit card bank. The average amount of credit cards a person has is three. Each time you apply for a new card there is a credit check that will go through the credit bureau. Each time there is a credit bureau check, you credit score is lowered. But having three cards is not a bad thing. Be a smart credit card holder. Use them to your advantage. This is what I do, it works and it saves you money. For example: If you own a visa, mastercard and amex. You have a balance on you amex, no balances on your visa or m/c. You know that you would not be able to pay out the full amount owing on amex by the statement end date. To avoid high interest being charged on that amex card, call Visa and M/c and ask them what can they offer you for a rate if you were to do a balance transfer. Negoitate with them. Lets say visa offers 3.99% and when you call m/c they offer 2.99%. Call M/c back and have them pay out that balance owing on the Amex card, and you would be paying it at a very low interest rate. The most important thing to remember about doing this is to not put any purchases on the M/C now. That's how the credit card banks get people. As soon as you put a purchase on the card that has the balance transfer, when you make a payment,it will go towards the low interest amout first and charge the high interest on the purchase. If you play this game wisely, you end up saving lots of $$ for yourself. You can then continue on and do balance transfers with your other banks, after the low interest rate promitonal expires. Most of the time they are for six months. Good luck. |
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michael p
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No, having more credit cards will not improve your credit score. However missing payments on the cards you already have will defiantly hurt your credit score. Do you really need another card? |
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XoxoxoxoX
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Financially you do not want too many credit cards, and having more credit cards do no help with credit score to get higher. The main thing is pay in time and keep the balance low. Of course long time history also help, so getting new credit card really don't help at all, but apply too many loans, credit cards, and too many "hard" inquries will actually hurt your credit.
** "Hard" inquiries are that you actually apply for a loan, credit cards, and etc. "soft" inquiries are like you are checking your own credit score and not applying for loans. |
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Stephen K
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Three is fine, Mastercard, visa, American express |
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XxAsiaxX525
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its not always about how many u have its about the limit u have on one and how much u use and pay off,getting more cards is the same as just 1 if your still spending and paying off the same amount.....and every time u inquire for a card your credit score goes down....3 is ok just pay those bills on time and try to pay them off completely so your credit can build a good history |
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richard t
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3 is really the max................people start juggling cr cards,,,,,,,,,,two is fine.............. |
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Insomniac
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First of all don't listen to that joker who left the first post. You'll wind up in jail.
I had 3 credit cards at one time and it was a headache. Two is plenty. If you want to up your credit score you can help it along by paying the bill EARLY or making more than just the minimum due. Also join a credit union and maybe take out a small loan. Also if you a currently financing a car do the same. Pay early. When I paid off my first car it boosted my credit score TREMENDOUSLY. |
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Sreeni
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Its nice to have lot of credit cards for some people. Are you not happy w/ the 2 cards that you have? If not... weigh out your options and go for the 3rd card.
If you start using all of them, it becomes a headache to keep track of the payments to the cards. Ultimately, you might miss a payment or send in late payments -- both of which will affect your credit status down the road. |
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★→Damianâ†â˜…
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if 2 credit cards do not satisfy your desire then its best to apply for another one. I have 5 credit cards and its great ^_^ its simple to pay them with online payments. so you can do it too. lol |
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john h
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More important than the number of credit cards you have is the proportion of balances to credit limits. In other words, you're better off having two credit cards with $2000 balances and $5000 limits than having one credit card with a $4000 balance and a $5000 limit.
More info on this and credit card applications, if you're interested, on http://www.zeroaprcreditcard.com |
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preston1979
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ya I guess 3 credit cards is fine,aslong as you know how to handle them lol,personally I wouldnt trust myself with credit cards lol,I would prolly be tempted to buy everything with them,cause they are soo convenient how you could walk into a store and buy something without realising how much you are spending,but if your sensible with money then you should get anutha |
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