topic Re: Should I in Credit Cards

Should I

Anonymous — Thu, 27 Mar 2008 02:14:33 GMT

I've been spending some time reading up on how to repair my credit as I was irresponisble in my youth, but something that im stuck on is how many credit cards should I have. From what I understand you dont want to have a lot but not too little.

I have 1 major credit card - BOA, two store CC - Circuit City, Mervyns, one gas card - Shell. Would that be good enough or should I shoot for one more major card?

Thxs in advance for any help!

Re: Should I

Anonymous — Thu, 27 Mar 2008 02:16:30 GMT

Sounds like what you have is a good mix.

Maybe try for another major if you want.

Re: Should I

Anonymous — Thu, 27 Mar 2008 03:28:39 GMT

Thanks for the response, anyone else?

Re: Should I

Anonymous — Thu, 27 Mar 2008 03:30:50 GMT

The more credit cards the merrier. Go for an Amex.

Re: Should I

Anonymous — Thu, 27 Mar 2008 03:31:35 GMT

Superman21 wrote:

Thanks for the response, anyone else?

I agree with Stef. Also, I think another major would probably be good for your mix.

Re: Should I

Anonymous — Thu, 27 Mar 2008 03:39:39 GMT

Ok thanks for the advice!

Re: Should I

Anonymous — Thu, 27 Mar 2008 13:01:01 GMT

Good looking mix. If you know that your scores will being going up in the near future, say baddies are dropping off, then I'd hold out for that then set my sights on one very carefully chosen prime card.

Re: Should I

Anonymous — Thu, 27 Mar 2008 13:24:28 GMT

Superman21 wrote:
I've been spending some time reading up on how to repair my credit as I was irresponisble in my youth, but something that im stuck on is how many credit cards should I have. From what I understand you dont want to have a lot but not too little.

I have 1 major credit card - BOA, two store CC - Circuit City, Mervyns, one gas card - Shell. Would that be good enough or should I shoot for one more major card?

Thxs in advance for any help!

Slow down superman! Think this out first. You need to be sure you can get the card before you go on an apping spree. What are your scores? Any baddies? Amex will deny you if you have a score below 660 and they do not allow any baddies either. Just be careful before you start apping..do research...check whogavemecredit.com

Re: Should I

Anonymous — Thu, 27 Mar 2008 13:41:00 GMT

scramblingin2007 wrote:

Slow down superman! Think this out first. You need to be sure you can get the card before you go on an apping spree. What are your scores? Any baddies? Amex will deny you if you have a score below 660 and they do not allow any baddies either. Just be careful before you start apping..do research...check whogavemecredit.com

Amex Green and Amex Gold Delta Skymiles are attainable with scores MUCH lower than 660. Baddies are OK, too, as long as they're at least two years old and no BK.

Re: Should I

Anonymous — Thu, 27 Mar 2008 13:55:19 GMT

@Anonymous wrote:
The more credit cards the merrier. Go for an Amex.

NOOOOOOOOOOOOOOOOO!!!!! LOL we have enough app-a-holics on this site.

OP you have a good mix, but i would add another prime card.

Re: Should I

Anonymous — Fri, 28 Mar 2008 03:30:37 GMT

Thxs for all the advice, i've decided against applying for any new CC's due to the fact that I just applied for a jewlery CC so I can buy an egagement ring! Dont worry though I have the cash to pay the card off soon as I get the ring so i'm using it to build credit too! Thank you again!

Re: Should I

Anonymous — Fri, 28 Mar 2008 03:32:34 GMT

Good plan Supe! And congratulations on your upcoming engagement!

Re: Should I

Anonymous — Fri, 28 Mar 2008 04:34:50 GMT

@Anonymous wrote:
Thxs for all the advice, i've decided against applying for any new CC's due to the fact that I just applied for a jewlery CC so I can buy an egagement ring! Dont worry though I have the cash to pay the card off soon as I get the ring so i'm using it to build credit too! Thank you again!

good luck and when your scores a up a little more/or time goes by, I would consider an Amex or Discover to improve the mix...they alss have good purchase protection and other warranty extension programs (good for big electronic purchases)...congrats on the engagement!