Should You Have More Than One Secured Credit Card. Some people believe one secured card with a higher limit is better versus two secured cards with lower limits. A secured card offers a chance to demonstrate responsible credit behavior.
Yes if you want more flexibility and rewards than a single card can give and you can handle the responsibility of keeping on top of the number you choose. Some people believe one secured card with a higher limit is better versus two secured cards with lower limits. But multiple credit card inquiries can hurt your credit score and raise a.
Paying consistently on a secured card will establish some positive payment history for you which will help counter-balance to a.
Two secured credit cards can help more than one because using a second secured card responsibly will increase the amount of positive information that gets reported to the credit bureaus each month. Having said that if you really need to rebuild your credit and you have chosen a secured credit card to do so then put down the lowest amount of deposit allowed 200 in most cases and just make sure you keep your utilization ratio low. This will lead to more credit score improvement than one secured card. Having two secured credit cards and using them responsibly a a period of time like six months to a year is probably the best thing to do once you get your two secured credit cards.
