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How many Credit Cards should i have??

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Anonymous
Not applicable

How many Credit Cards should i have??

I've been repairing my credit report since July 2015 and I have been doing a pretty good job. I went from scores in the 550's to scores of around 630. I have 4 credit cards as of now. Is that enough?

 

Cards that I own:

           Capital one: credit limit of 1000

           Capital one quicksilver: credit limit of 750

           Credit Union credit card: credit limit of 1000

           Barclay credit card: credit limit of 2000

 

3 REPLIES 3
driftless
Valued Contributor

Re: How many Credit Cards should i have??

That's a nice set of cards, I would concentrate on building them for a while before adding another one.
CSR | Amex Platinum | EDP | QS (2)
Amex Blue Business Plus
Message 2 of 4
RonM21
Valued Contributor

Re: How many Credit Cards should i have??

Yes,  build your cards and scores a bit more. Things will begin to open up once you get over the 650ish range and higher. You'll be able to get higher limits and better cards, which will help out your score and overall credit outlook.



Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 3 of 4
Anonymous
Not applicable

Re: How many Credit Cards should i have??

You are doing great!! Let them grow and age. Keep up the good work!
Message 4 of 4
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