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ga kid asked in Business & FinanceCredit · 6 years ago

I have had my current and first credit card for 15 months time to get a second?

I have always paid on time and never used more than 25% of the available balance started at $800 limit now at $1200. My Transunion score is 729 and equifax is 735. What cards should I apply for if I should get a second one? My current card is from my bank

4 Answers

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  • rpf5
    Lv 7
    6 years ago

    Why? A second card will not build credit faster if that is what you are thinking. That 25% rule only applies if you carry a balance from month to month. You can spend all you want if you pay in full. What are you buying that $1200 isn't enough? Any second card will do the job, just be careful that you arenot spending your way into debt that you can't pay. Be in no rush to have debt.

  • ?
    Lv 7
    6 years ago

    It is always good to have a second card. Use them both, or rotate use. Either way, each is a back-up for the other. {Lost or stolen wallet, etc.} If you have a good, stable job (to better assure acceptance) go for a rewards card. Cash back is always good.

  • ?
    Lv 7
    6 years ago

    You are better off getting a debit card, so you don't start overspending. Use it for convenience, knowing you have enough money in the bank to pay. Life is easier when you don't worry about paying a bill.

  • Ti
    Lv 7
    6 years ago

    No, one credit card should be all you need.

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