Credit Card offers- Onile savings account- personal insurance » Credit Ratio http://www.cashorcredit24.com Find answers for all your financial problem Fri, 29 Apr 2011 17:58:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 How many credit cards can you have before they drop your credit score? http://www.cashorcredit24.com/how-many-credit-cards-can-you-have-before-they-drop-your-credit-score http://www.cashorcredit24.com/how-many-credit-cards-can-you-have-before-they-drop-your-credit-score#comments Thu, 05 Feb 2009 11:25:48 +0000 admin http://www.cashorcredit24.com/how-many-credit-cards-can-you-have-before-they-drop-your-credit-score credit cards
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I heard having too many credit cards can lower your FICO score even if you pay them full each month. How many can you get before they drop your score?

I had problem getting a credit card when I had no credit history and then after I finally got one, I had difficult time getting another one, because banks said I had “too few” revolving accounts. Now I have 5 credit cards and only 1 of them carry balance. My balance to credit ratio is 6% and my FICO score is 740.

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