Quote:
Originally posted by ziam
why would anyone have more than 1 lol
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The more credit you have, the better for your credit score basically. Someone with a 2,000 credit limit can not build their credit as well as someone with a 20,000 credit limit. You want your credit to be high when you take loans out for cars, homes, etc.
Most people probably have 3-4 but only use 1. You should also never cancel your oldest credit line, keep it open even if you dont use it because once you cancel that card the amount of credit you have decreases and so will your credit score.
