zedekc wrote:I have been 'pre-approved' for some cards designed for people with average credit. i have 2 cards atm with 7 months of positive history atm, in 6-9months from now is it going to help my score by getting a 3rd card? Or is 2 enough already? (I know to start with the tradeline untested it lowers your score, also the AAoA's, and the inquiry will be neg to my score too, but factoring that with the positives after 6months or so, is my score going to be better off? (I have <9%/on purpose utilization atm so the extra CL to improve uti is not a factor in this, mind you.) Thanks!
If it were me, I would wait until my credit improves a little further and those accounts age, then apply for a prime card or two. I don't know that there is much credit score advantage to adding 3 cards over 2, and the inquiries/new accounts may push back the time you need to wait to go prime.
Starting Score: FICO: 587 EX, 594 EQ, 632 TU, 2/15/12; USAA FAKO: 525 EX, 541 EQ, 525 TU, 2/15/12
I to opened up an additional card over the last month, taking me to 3 CCs. While on vacation last week, I was given a pre-approved for a Plat. Visa.
Would I LOVE to have it in my wallet? Sure!
Did I tear it up, because I know they would deny me in the end? Sure did!
Not worth the HP to me right now.
Starting Score: TU:650 - EQ: 672
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