Re: Need help raising my score, please.[ Edited ]
10-07-2012 06:25 PM - edited 10-07-2012 06:26 PM
Applying for a new account will put a hard inquiry on your credit profile, this will slightly lower your credit score. Also, adding a new account will lower your average age of accounts. This will have a more significant impact on your score because you have a limited number of accounts. For long term gain, it would be advisable to open more accounts. It will lower your score in the short term, but will raise it and make it more stable in the future.
I would recommend getting a no annual fee credit card from your bank. What bank do you have your most active checking account with? I will recommend some of their cards to check out.