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when to apply for more credit cards

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SouthJamaica
Mega Contributor

Re: when to apply for more credit cards


@Anonymouswrote:

Hello all,

I am on the path to recovery with an auto loan being paid on time that's a year old with 2 years left.  I recently just added 2 credit cards 1 cap one with a $500 limit and a Discvover with $1000 limit.  For the experienced out there, what would one suggest as my next course of action.  My credit cards are 2 months old.  When would it be appropriate to add some more cards because I heard 3-5 cards is optimum?  Should I wait for cli from my current cards and wait and see how my score fares after another 6 months?  any advice would be much appreciated.


In my opinion you should wait at least 6 months, optimally a year.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 696 TU 689 EX 676




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