how many credit cards you must have in order to build a good credit score.. ?,?

is there an specific amount that needs to be spent to create a good credit score ?

Public Comments

1. Two or three credit cards will help (not one and not 4 or more). Also, DO NOT get any department store cards--this will reflect badly on your credit. Only Visa, MC, Amex or Discover. Make sure you do not go over 50% of the available credit. Your score should inch up slowly.
2. Too many credit cards is a bad thing! You should have one or two, maybe 3. Avoid department store cards! Also, credit cards will only help your credit score if you pay them off every month.
3. You can do it with as few as 1. Just use it for every day purchases like food and gas being careful never to exceed 30% of your credit limit in any given month and pay in full before the due date. Now if you want a good score and a good profile, you will need at least 2 credit cards (revolving) and 2 personal loans (installment) like cars, homes, furniture, personal lines of credit. All with good long pay history's. Great credit takes years to establish and only a couple of months to trash.
4. one
5. It's not how many, it's how you use them. If you always pay off the full amount, you are golden.
6. Two is a adequate number of credit cards to build a good credit score. Also, keep your credit card balances below 50% of your credit lines.
7. One card can be used to build your score. Also paying bills on time can help out some.
8. Hello, I just wanted to add paying off your cards in full every month does not always help your score. I have had clients charge 80% or more on there card thinking they will pay off the balance every month and they will be fine. The reality is that CC companies report your balance on the statement closing day. If you think about it that is the day every month that people who max there cards out every month are at there maximum. Oh sure you might pay it off in full 5 days later but guess what to late its already been report 80% maxed. buy the time the statement closing date comes again in about25 days or so you will be maxed again and it will be reported. The trick is to charge what you need to and pay it off before the statement closing date. This way when the CC reports it reports low balance and does not trash your fico score. You can max the other 24 days just make sure its paid on that 25th day. Good Luck