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re: Any negative for having too many CCs open?

Posted on 7/25/14 at 7:37 am to
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7635 posts
Posted on 7/25/14 at 7:37 am to
760 and up is all the same as far as mortgage rates go. You sound like you're in great shape.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 7/25/14 at 8:35 am to
quote:

760 and up is all the same as far as mortgage rates go. You sound like you're in great shape.

Yep. Pretty much anything over 750 is lagniappe. You don't get an award for having the highest credit score. Might as well utilize it.

Mine seems to bounce between 730-780 and I have a fairly extensive credit history and 8 lines of revolving credit open(2 of which are business cards).

If I wanted to buy a house, since I'm already playing the CC game, I'd just hang up the apps 1 year before purchasing.

Like I said earlier, if you only have 3 lines of revolving credit open, score of 800+, and a history of solid credit, 1 CC won't hurt you one bit and will probably even tack on a few points by the time 8 months rolls around.
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