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Question By
Mike2006

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Is it better to have 1 or 2 credit cards, I have 1 auto loan, 1 installment loan and 1 credit card.
I have 1 secured credit card with a 500 limit. I'm thinking about getting another to show more positive credit. However, I don't want to lose points for having too many accounts. I also just got a new car loan and I have 1 installment account with good payment history for a year. Would 4 accounts be too much? And would it be better to raise my credit card limit to 1000 or 2 cards at 500?

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