Credit Cards Center Credit cards from our partners
Established Member
Posts: 17
Registered: ‎05-29-2008

Would another credit card improve scores?

Like the rest of us, Im trying to get my score up in a short amount of time. Im wondering if I should apply for another credit card to add to my credit mix.  Right now I have a car loan, student loan and my one and only orchard bank cc (secured $300.00 limit) which was issued in May.
Right now my scores are: 7/17/08   TU 652  EX 624  EQ 623
Im trying to get my scores above 650
Any help would be appreciated
Established Contributor
Posts: 1,019
Registered: ‎04-01-2008

Re: Would another credit card improve scores?

The problem is...when you get new credit, most of the time you lose points because your Average Age of Accounts drops. How old are all of your other accounts?
I only had one charge card and I when I added a regular credit card my score actually increased by 7 points. But I think that was also the difference in utility and the 'mix factor'. Because charge cards (store cards) are actually scored less than cc's.
How much of a balance do you carry on this card? If you keep it at less than 4% you'll get the most points for it.

1/28/14 EQ 811 9/11/15, EX 821, TU 817 on 6/13/2014

Take the myFICO Fitness Challenge
Established Contributor
Posts: 683
Registered: ‎04-05-2008

Re: Would another credit card improve scores?

In my case, I only had student loans reporting (and a car loan which was being paid through my Ch 13 BK plan). I got 3 new CCs. Two of them are reporting and my scores before app'ing were EQ 649 TU 653 EX 609 (May 2008). My scores now are EQ 691 TU 682 EX 694. Not sure what will happen once WaMu finally reports, but I can't see taking a hit for it since it will be helping my util. I should know soon enough.

Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800

Take the FICO Fitness Challenge

Starting Score: 708
Current Score: 743
Goal Score: 800

Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,126
Registered: ‎03-25-2008

Re: Would another credit card improve scores?

As long as your average age is already fairly low, you will usually see scoring INCREASES for adding your first two bank cards and your first store/gas card.
If you feel your scores are solid enough to get a card you want without annual fees, or to pick up a secured card with a bank like BoA that will grow with you, it might behoove your scores to go ahead and do it.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.