How many credit cards should I have?

[Anonymous]

I have 2 cards. Sears by barclaycard (mastercard) and a lowes card. Both with a 2,000 limit. I seem to always have about 1,000 on each. Should I ask for increases or get a new card or cards. Scores are 710 ..708...699.I would like a 100,000 $ mortgage as well asap.

Thanks

[SouthJamaica]

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@Anonymous wrote:

I have 2 cards. Sears by barclaycard (mastercard) and a lowes card. Both with a 2,000 limit. I seem to always have about 1,000 on each. Should I ask for increases or get a new card or cards. Scores are 710 ..708...699.I would like a 100,000 $ mortgage as well asap.

Thanks

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It would be good to add 1 or 2 bankcards, I would suggest Capital One Quicksilver and Barclays Rewards.

[creditguy]

Three cards is ideal for scoring purposes, although your scores are pretty good already. Since you will be seeking a mortgage I probably wouldn't get anymore cards until you close on a house. I would pay down your current cards and seek CLI's if they are SP's.

[myjourney]

2 cards will do if you have any of the following loans ....SL, Auto...Personal 

And before you app for any cards much more info is needed before anyone can suggest options or what you should apply for 

HP's last 12 months? 

What do you want in a card?

What are you spending habits?

How long have you had the cards?

Baddies?

1st move .....Yes, call on lowes and ask for 25K they'll counter if your eligible  

[Anonymous]

Thanks..... another question ....what is an sp?

[myjourney]

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@Anonymous wrote:

Thanks..... another question ....what is an sp?

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SP= soft pull credit 

HP= Hard pull credit 

[Anonymous]

Thanks for the insight....I am new to the board and don't understand all the acronyms. Is there a page with an acronym list?

[myjourney]

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@Anonymous wrote:

Thanks for the insight....I am new to the board and don't understand all the acronyms. Is there a page with an acronym list?

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http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

[Anonymous]

25k is a lot !!!!! I didn't even conider that. I started with 1000 and they automatically raised it to 2000 within a few months after ontime payments.

[Anonymous]

Thanks again....i now have some homework !!!!