More credit cards = better credit?

I currently have one credit card and one checking account. My current credit card has an APR of around 12%. I just got an offer for another card with an APR of around 9%. My current credit card is maxed because I haven%26#039;t been paid for work I%26#039;ve done this summer yet, but in about 3 weeks or so it will go back down to a $0.00 balance.

Should I get this other credit card to try to raise my credit rating?

I know that it is going to go down slightly because of the last 2 months statements on my current credit card. But if I do not accumulate a balance on my new card, only use it once or twice a month just so it%26#039;s active, and keep my other card paid off as well, will this raise my credit rating? Or is having two credit cards a bad idea when you are trying to build credit?

More credit cards = better credit?payday loan

It is a good idea to hold up to 5 cards at once. Leave a small balance on each (30-50% max) and do not close them. If you end up paying one all the way off DO NOT close it, just leave it inactive. You should do a balance transfer to get rid of half of the balance of your 12% card.

More credit cards = better credit? loan

In my experience there are two types of Bad Credit Credit Cards. One is a secured card, and the other has a much higher rate of interest. Both can be used to rebuild your credit worthiness after getting back on your feet. Secured credit cards are great for rebuilding your credit. You send the credit card company a pre deposit amount set by the company%26lt;!--This amount will be equal to your credit limit. Pay over your minimum every month and send your payment in before the due date and you will build your credit up gradually. Never miss a payment, be late on a payment, or go over your credit limit even by a small amount.

http://badcredits.awardspace.com/credit-...

You don%26#039;t want the company to ever have to take from your pre deposit amount because they want you to handle your account just like you would an unsecured card. A great thing about this pre deposit amount that you send in is it can act as a savings account even earning a little--%26gt;bit of interest for you. After establishing yourself with the credit card company, they may decide to give you a unsecured credit card or increase the limit on the one you have with them without having to make another deposit. Secured credit cards are a good choice for anyone wishing to rebuild their credit history.|||Getting the second card would improve your debt to available credit limit ratio which would improve your score. But paying off the maxed out card would do the same thing.

Having 2 major credit cards would be fine. You just don%26#039;t want to make a habit of carrying balances. The interest will eat you up.|||They say to help your credit score you should have 3 credit cards, but don%26#039;t max them out. Us only 80% max. Then pay them off in three months,1/3 at a time. Use them for your everyday stuff like gas and food. Just make sure you set that money aside to pay them. Because if your not careful you could make your credit really bad by not paying them.|||no, there is a fine balance,

www.ConsumerAction.gov

do your self a favor and get this hand-book. Too many inquiries on a report can be bad, just one line, but it is not current, Not Good!!

but there are a few factors to consider....

jai_raq_emporium@yahoo.com