waldner12

you need more than a good score to get good offers/rates/etc on major purchases. You won't be able to obtain decent financing for a house with only 2 credit cards...sorry dude

danger...it's cool that you've had a couple credit cards that helped you boost your score. However, keep in mind that in order to obtain any amount of substantial financing (house, business start-up, high limit cc, etc) you'll need more than just a couple credit cards, in today's market that is.   I've read a few posts down below too. It seems like most of the young people here think they've already figured out the entire system. It looks like you're on the right track. Try and go for a high limit card or maybe a revolving line of credit through your bank for around $5k. The larger the dollar amounts are on your credit report (provided you actually use them and pay them off within terms) the better your report and score will be. Having a credit score of 700+ doesn't mean much anymore when applying for larger purchases and lines of credit. Dollar amounts of the tradelines, age of the trades, and types of trades also play a big role. Here's an example of how things have changed...in 2005 I was 18 years old. Just got my first credit card and cell phone in my own name. I bought a house with 3% down payment on a FHA loan. I barely had enough credit history to generate a score. This would NEVER happen, nor should it ever happen in today's market. Thank you.