good credit mix?

Discussion in 'Credit Talk' started by Mike, Mar 16, 2001.

  1. Mike

    Mike Well-Known Member

    I've been looking at the FICO scoring model recently and I noticed that "a good mix of credit" makes up about 10% of the score. What is a good credit mix? Should you have one Visa, MC, Amex, Discover, and a dept. store card to get the optimal mix? Do gold and platinum cards contribute to the mix? What about gas cards?

  2. Momof3

    Momof3 Well-Known Member

    From what I read a good mix consist of revolving accounts, and installment accounts. Most say have 3-4 major credit cards and one retail card give you the optimal mix and having an istallment account mixed in should look nice. Gold and Platinum do nothing as far as scores go.
  3. mother2

    mother2 Well-Known Member

    3 to 4 CC???

    Wow, I can't imagine having 4 credit cards. I'm on my second "sub prime" now. Boy, am I behind the times. :eek:(

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