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is this bad?

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Jess21
Frequent Contributor
‎04-07-2014 06:16 AM
‎04-07-2014 06:16 AM

is this bad?

I have heard that it is good to have a good mixture of credit, like credit cards, personal loans, mortage, autoloans...  However, when it comes to CC is it bad if most of them are visa, or mastercard....?

Equifax: 676 (myfico) Experian: 683(myfico) TransUnion: 689 (Barclays)

Current Goal: 700
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coldnmn
Mega Contributor
‎04-07-2014 06:22 AM
‎04-07-2014 06:22 AM

Re: is this bad?

The only way it would hurt is if the merchant didn't take the cards you have. Credit cards are counted the same as far as scoring. It's just some have better rewards and benefits than others for you personally. 

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
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Jess21
Frequent Contributor
‎04-07-2014 06:31 AM
‎04-07-2014 06:31 AM

Re: is this bad?

Thank you!

 

Equifax: 676 (myfico) Experian: 683(myfico) TransUnion: 689 (Barclays)

Current Goal: 700
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