5+ revolvers in my book.
3 gets you most of the way there but 1/3 is a penalty on some models and 5 gives you a little flexibility on the percentages that 4 doesn't (namely a bigger penalty for 2 revolvers reporting but if you ruthlessly optimize AZEO when needed 4 works mathematically).
It doesn't really matter that much except the old mortgage definition of thin file was under 4 tradelines. I don't know how often that is used anymore but it's style points at least when it comes to someone's underwriting algorithms.
@coolandcalm wrote:Whats a good number of accounts to have? Credit Karma says 10+ accounts are good..
Credit Karma is lying; they have a financial incentive to get you to click on their links to affiliate advertisers.
Unfortunately, when I started out getting interested in credit, I was using Credit Karma and believed their propaganda. If you have 3 credit card accounts you have enough to get perfect scores. Anything over that should be for reasons other than FICO score improvement.
Three gets you to perfect score slower and I'd suggest that is related to FICO scoring bud. 4 is minimum mathematically even in currently used models where 1/3 is a penalty on EQ though I haven't tested the most recent models.
@Revelate wrote:Three gets you to perfect score slower and I'd suggest that is related to FICO scoring bud. 4 is minimum mathematically even in currently used models where 1/3 is a penalty on EQ though I haven't tested the most recent models.
All right, make it 4 then 
I am pretty sure one would be in the 800s with
5 credit cards
1 car loan or home loan or both
under 29% utilization
GL!
@coolandcalm wrote:And we are speaking specifially about revolving accounts.. not charge cards or other accounts
Yeah revolvers though most PLOCs should score similarly on most models (some CU tradelines on EX FICO 2 not withstanding).
Installment utilization is a different metric, and actual charge cards (Term = 1 month = not revolving credit technically; Amex is the only one still in use AFAIK) or squirrley things like HELOCs don't count for revolving utilization.
One should have an installment loan debatably for credit mix, though while I'm pretty sure I'd be at 850 with a pretty installment utilization (<9%) I don't know where I'd be without an installment loan. Not selling my rental property or paying off that sweet 3.15% mortgage any sooner than I have to hahaha. Not these days anyway.
Yep. AU accounts help FICO-wise. But some lenders ignore them. From FICO and what accounts get assigned a score:
Disclaimer. Part of the entire credit mix chart. 3's a charm.
