I've heard it's best to have a credit card from each of the major companies. Visa, Mastercard, Discover and Amex. I know Amex and Discover aren't consider major companies. I was wondering if there is any truth to this.
I currently have 2 Visas, one from Capital One and one from my bank, Commerce. I was just approved for a Chase Freedom Mastercard, with a very high CL, higher than my Visa cards. I'm also on my mother's Amex.
I have no plans to apply for another other cards right now, I was just wondering if what I've heard is true.
FICO doesn't care...they're all revolving credit accounts. The only distinction is between revolving credit, with its CLs and utilization, versus open-ended charge accounts, which do not count toward utilization. That's it.
- - - - in a credit-scoring postnuclear Stone Age...