Credit Cards For Bad Credit
Is having 5-6 credit cards bad for your credit score?
I heard that having too many credit cards was bad for your credit. If I have 4 Store Credit Cards and 1 Visa Card and am planning to get another FINAL major credit card…is that too much?
Only if you do not manage them well.
The number of credit cards a person has is not important, how they manage them is.
Keep your balances below 30% of your credit limit and pay on time every month and you will be fine.
I had 14-credit cards at one time and my score was over 750. I only have 8 now and it’s still over 750 because I manage them well.