Originally Posted by
Frenske
If you are worried about your credit score, certainly don't open more credit card accounts. Having too many credit accounts open, means that it is possible that you spend too much on credit and not able to pay back. This is often a cause why a credit cards are refused which leads to bad credit scores.
I am not a expert but I think one should not have direct access to credit more than 3 times one's salary. The number may vary per person. The larger salary the more disposable income, etc.
To get good credit scores, it is far more important that you always pay the full amount off each month.
Income has nothing to do with credit scoring. Opening more accounts with amex can help people if the accounts are backdated. When closed, the accounts will remain for up to 10 years.
Having too little credit is a bigger problem than too much. The more accounts I've opened the higher my scores have gotten once the initial points lost for new accounts fades. I have over 25 open cards and 7 figures in available credit and scores over 800.
I agree paying in full is the best way to use cards. Some people even pay before the creditor reports balances to the CRAs so as to have lower utilization reporting.