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charro09

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is it a good idea to open a second credit to pay off a credit card that is nearly maxed out?
Credit score is 706. I have an old credit card with a limit of $2600

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Just pay down the card that is maxed out.  The only time I would open a second card to pay another is if the second card were offering a zero percent interest or something like that.  In other words, only if it made financial sense to do so.  Opening the second card will hurt your scores to start, but over time they should recover.  Just don't close out the first card and don't max it out again.  Also, take into consideration the fees for balance transfers if you decide to go with a second card, to make sure you are saving money overall.

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