What will be considered a good CC portfolio?

[DigitalArk]

Like what will be good in the credit reports besides paying on time, no BK, no collections, no high balances, low utili, etc? I want to know what credit card issuers/banks/credit unions will be good to have in the credit reports?

[Creditaddict]

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@DigitalArk wrote:
Like what will be good in the credit reports besides pay on time, no BK, no collections, no high balances, low utili, etc? I want to know what credit card issuers/banks/credit unions will be good to have in the credit reports?

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You have them!

[DigitalArk]

Cool! Good to know. Thank you!

[HiLine]

Agreed. You really don't need more unless you have specific needs.

[DigitalArk]

[DigitalArk]

It has been a while after I posted this. I have added a few cards since then. Originally I only wanted 2 cards, who would have thought a few months later, I have 8 total (in my signature). Among those 8 cards, my lowest limit is 5K. myFICO forum community makes applying for cards so enjoyable. Hopefully my portfolio looks better then before.

[takeshi74]

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@DigitalArk wrote:
Like what will be good in the credit reports besides paying on time, no BK, no collections, no high balances, low utili, etc? I want to know what credit card issuers/banks/credit unions will be good to have in the credit reports?

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Scoring isn't based on the card issuer.  It's based on the former items in your OP plus things such as AAoA, inquiries, number of accounts, credit diversity, etc.

[DigitalArk]

Does it mean the more accounts the better?

[yudeology101]

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@DigitalArk wrote:
Does it mean the more accounts the better?

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I think yes, more variety of accounts you have (installments, revolving) in good standing and show that you can manage/age them well, it would definitely show that you are a responsible borrower to the lenders thus less risky to them.

[hot4u]

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@yudeology101 wrote:

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@DigitalArk wrote:
Does it mean the more accounts the better?

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I think yes, more variety of accounts you have (installments, revolving) in good standing and show that you can manage/age them well, it would definitely show that you are a responsible borrower to the lenders thus less risky to them.

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+1