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Old 02-10-2003, 02:54 PM  
khy
Confirmed User
 
Join Date: Jan 2003
Posts: 135
Quote:
If you really had good credit, you would only need one credit card because the credit limit would be really high.
Not at all true. To get the highest score, you should have 2-3 bank cards, plus some dept store / gas cards. Not maintaining a balance is a negative, but maintaining too much (generallly over 40%) is a negative. Using about 25% of your available credit and keeping about 75% free will, in most situations yield you the best credit score.

There is a lot more too it than that... but I ain't here to write a book.
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