New credit card question

Anonymous · ‎07-11-2009

I just open a navy federal credit union secured credit card account for $500, should I increase the limit to $1000 or open a second secured account to boost me credit score?

Anonymous · ‎07-11-2009

The amount of the CL only comes into play for UTIL.

Anonymous · ‎07-11-2009

So open a second account?

Anonymous · ‎07-11-2009

IMO everyone should have at least 3 CCs. Remember a CC is new until the 1 year old mark,

Anonymous · ‎07-11-2009

Thanks

Anonymous · ‎07-12-2009

@Anonymous wrote:
IMO everyone should have at least 3 CCs. Remember a CC is new until the 1 year old mark,

Happy, is this some sort of cutoff time for FICO & creditors? I ask because I have a few new accounts & hope it doesn't take several years for them to be a positve factor in my reports.

Thanks.