Hi all, I was just wondering how many credit cards is considered too much when you have a good credit history: 7, 10 or more? Or does it depend on total unsecured credit? Are 10 credit cards with $2000 lines each considered the same as 5 cards with $4000 each in computing the overall credit score? Thanks.
According to the Almighty Fair Issac, the optimal number of accounts should be 3-4 major cards and one retail card for the most benefits in scoring. Of course I am sure others will/may disagree.
I was NEVER denied credit until I cut back from TWENTY+...(4 DENIALS IN THREE MONTHS, INCLUDING "PRE-SELECTED" WITH A CONFIRMATION #)... So I went on the BANDWAGON...
