Is 2 credit cards enough to establish credit?

[orestrus]

Ive heard it takes about 3 cards for perfect score, but will 2 get the job done? Thanks

[Anonymous]

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@orestrus wrote:
Ive heard it takes about 3 cards for perfect score, but will 2 get the job done? Thanks

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3-4.

It'll get you part of the way there...

[Anonymous]

One is enough to establish credit, so long as it reports to all bureaus.

Three is recommended because of a score boost but that's different from simply establishing credit.

[Anonymous]

Not sure, but my family believe in 3 credit cards rule. If 4th card is opened, then one of the previous card must be closed.
I'm black sheep of the family (and the lowest credit), so.... I don't follow that rule. 😆

[Anonymous]

Be careful about opening too many. If you don't use them every so often (usually every 6 months) then they'll eventually be closed.,

[FinStar]

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@Anonymous wrote:

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@orestrus wrote:
Ive heard it takes about 3 cards for perfect score, but will 2 get the job done? Thanks

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3-4.

It'll get you part of the way there...

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The consensus seems to be anywhere from 2-4 to allow for some portfolio and credit mix diversity, but 2 CCs is a good start.  It all depends on your credit goals and how soon you want to achieve the "perfect" score.

[orestrus]

My goal is to get on board with Smex once my AAoA reaches 6 month mark. If i manage to get amex, i think ill be happy to garden for a year. So far 2 cards with 3% util , no baddies. Is Amex something i can hope for?

[orestrus]

Up..

[Anonymous]

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@orestrus wrote:
Up..

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Down.

Just keep good history on the cards you DO have and only let balance report on one between 1-9% for now. This is crucial now seeing as you are currently unlikely to get approved for anything really decent until you have a solid history built up.

[noobody]

2 cards in the long run could get you near 800 score, BUT if you ever decide to apply new credit, it will result a huge aaoa hit.

if you have 10 card, new trade line AAoA hit minimal.

clean and thin file will land you a AMEX, I say 9 month credit history or 6 month AAoA should get you in!