Does having more than one credit card affects my credit score?

Currently i have 2 credit cards, i just have been approved for a new one, is it bad to have more than one? how does it affects/helps my credit score?

Does having more than one credit card affects my credit score?

If you are able to pay all of with out any late payments.. you credit score will increase greatly.. but it%26#039;s a hard thing to do..

Does having more than one credit card affects my credit score?

Yes...check out the break down of your credit score

35% Payment History

30% Amounts Owed

15% Length of Credit History

10% New Credit

10% Types of Credit

Does having more than one credit card affects my credit score?

not if they are paid up to date. Credit is a funny animal in that they only give it to you when you don%26#039;t need it.

Does having more than one credit card affects my credit score?

It doesnt hurt it unless you dont make your monthly payments on time.It will affect it in a good way though if you have more than one and make your payments on time EVERY month and also if you pay more than what you are supposed to.

Does having more than one credit card affects my credit score?

The way that a new credit card affects your credit score is in that opening a new credit line lowers your score temporarily, as HOW LONG YOU HAVE HAD YOUR CREDIT is on of the key factors. But, it will also tend to raise your score, if you pay in full monthly. Having a higher credit limit compared to your balance is good.

Does having more than one credit card affects my credit score?

Yep, it is better for your credit score if you have more than 1 credit card.