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Using one card to build up credit - when to add a second?

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longtimelurker
Epic Contributor

Re: Using one card to build up credit - when to add a second?

I don't think it happens now, but with the crack-down on signing bonuses, you can certainly imagine an issuer deciding that if you have a joint card (and got the bonus) you can't also get the bonus if you then apply individually

Message 11 of 12
SOGGIE
Valued Contributor

Re: Using one card to build up credit - when to add a second?


@lonelyisland wrote:
Waiting a year doesn't help AAoA. If you get one card now, and the second in a year it reduces your AAOA. If you gets two at the same time, they age together. However waiting a year establishes a pattern/history of good payments. The second card will help with util and help you establish a stronger pmt history and ability to responsibly manage multiple lines of credit.

+1

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben
Message 12 of 12
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