My husband and I are both in our early twenties trying to build up our credit. We each presently have one credit card in our own names (not joint), which we use and pay down/off frequently. We always pay our bills on time, yada yada.
However, I'm wondering whether it would be wise for us to open up another card. I've read that to shoot for a perfect FICO score, ideally you want to have 5-6 cards that you use wisely. But I've also read that you should never apply for credit unless you absolutely need it, which we don't.
So would it be better for our credit in the long run to open up another credit card, and take the small hit now but have additional revolving history in the future? Or should we just keep using the one card we each have now?
Also, if/when we apply for credit cards in the future, is it more beneficial to get our own individual cards or a joint card? Will a joint card actually impact the credit of both parties? Our FICO scores are fairly close.