I currently have two credit cards: Cap1 and Merrick Bank. I've had the Cap1 since 2009. Merrick Bank card is in month 7 now, so I should be seeing my CLI double at the end of the month. I hear the "magic number" for credit cards is 3. I've had some credit issues in the past and I am building now. I still have one collection on my credit report that I should have paid by the end of the month (I had 4 collections 6 months ago). The ultimate goal is to purchase a home within the next 6 months. Credit Card FICO scores: Score 8 - 625. Score 5 - 616. Are these scores good enough to apply for another card or should I wait? I don't want to be denied, or I at least want to limit the chances of being denied. Let the advice roll!!!! Thanks.
