Rewards

How many credit cards is too much to affect your credit score?

Jul 042011

I am going to ask another question regarding which CC should I add to my credit card profile to add to my rewards. I have excellent credit, pay my balance in full each month, and I use my CC to pay for everything I can to rack up points/miles etc.

I am at a point where I want to increase my points and miles so there are some options. The question is, what is too much. I basically share a VISA with my wife, and have an older VISA that i keep. I realize that you should keep older credit cards for history. I want to add at least one AM/EX either the Starwood points, or the Delta Miles. I also might switch our Cap1 card to the signature to get 2 points for every $ 1 spent, instead of 1.25 for $ 1. That is a new card, not a switch. And recently, I have received letters for UNITED miles (20,000 bonus) and AA Miles (21,000 Bonus). I would love to use those just to add to my miles on those flights. Could I add 3-4 cards without hurting my excellent credit? I will not rack up debt.

What numbers fall into Excellent, Good, Fair, etc. Credit Scores?

Improve Credit 7 Responses »

Jun 252011

I’m searching for a new rewards credit card and see that some sites offer different cards depending if your credit is Excellent, Good, Fair, or Bad. I recently purchased a house and have my recent credit score searches handy. What number does my score have to be to fall into the Excellent category?

What is the minimum credit score required to get a Amazon Visa Rewards card?

Improve Credit 1 Response »

Jun 182011

I am 20, and according to Experian, my credit score is 712. According to Equifax & TransUnion, my credit score is 700. What is the minimum score required to get that type of card. Also, what is the credit score required to get a Amazon Store Card? I already have a credit monitoring program. I [...]

does adding an additional credit cardholder improve your credit?

Improve Credit 4 Responses »

Jun 162011

i am a student who does not have a credit history. i have applied for a really good rewards credit card, but got rejected. if my parent (who does have excellent credit) signs it up under his name and then adds me as an additional cardholder, will this improve my credit score? additional card holder [...]

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