For good FICO-3 cards or 4 cards?

Discussion in 'Credit Talk' started by cosjef, May 31, 2001.

  1. cosjef

    cosjef Well-Known Member

    I will be finishing with CCCS in July, who kindly closed all my accounts on my behalf when joining the program save for 2 cards. I just got a Cap1 with a 5k limit and a separate Cap1 offer for a secured card with a $400 limit.

    I am targeting a home purchase in September and scrubbing my reports as well. Are two charge cards and 1 dept. store card optimal, or should I grab the new Cap1 card to expand my base of available (but unused) credit for the FICO boost?
  2. R.

    R. Well-Known Member

    If you're applying in September you might avoid any more cards because of the FICO drop in the first 6 months of an account. I don't think the number of accounts is that big a deal. Maybe a prospective lender is a better person to ask? I've never bought a house before, but I know that I'm "prime" most of the time but "sub-prime" for six months after I open a new account.

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