miguel asked in Business & FinanceCredit · 2 months ago

should i get a second credit card ?

got my first secure card a couple months ago and i’ve been making small payments on it making sure to keep my usage low. the same company i’m with apoved me for a second card with a higher balance. i can manage both accounts easily just wondering if having 2 cards would negatively impact my score. thanks 

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  • 2 months ago

    No. Simply having two cards does not always negatively impact your score if you have had both of them for a long time, but having a new card does negatively impact your score.

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  • Anonymous
    2 months ago

    It wont really help much.

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  • martin
    Lv 7
    2 months ago

    As long as you pay off both cards every month, you should increase your credit score by having 2 cards.

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  • 2 months ago

    I had five at the same time and they let you lie on applications. I don't recommend having one credit card.

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  • 2 months ago

    If the 2nd card is also a secured card, then there is no sense adding a second card.

    If it's a actual credit card where the credit card company is lending you THEIR money instead of of your own money, go for it.

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  • Anonymous
    2 months ago

    Having a second card with a higher limit will raise your credit score over time (presuming you don't use it or use it responsibly).

    Opening the new credit account is likely to lower your score at the beginning, but that will be temporary. 

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  • 2 months ago

    You say "secure card". What is this card secured on? Your home?  Bad move.

    Secured cards are unusual. I doubt that this card is actually secured and you actually don't know what you have.

    Why is this company offering you a second card rather than just increasing the limit on your existing card?

    If you're keeping your usage low, why would you want another card? 

    Sounds like you don't know what's going on here. 

    • A Hunch
      Lv 7
      2 months agoReport

      It's secured on the money that they send to the credit card company.  The company is lending the person their own money instead of the credit card company's money. 

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  • Carson
    Lv 6
    2 months ago

    Read slowly: The more credit YOU HAVE AVAILABLE will raise your score. What's the interest on your cards?

    Shop around.

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