Credit Help Credit Card Usage

Having too many open accounts can make it very hard to make quick significant improvements to your credit score
Too many open accounts dilutes your report, it is like throwing a pebble into a pond and expecting a big splash
Most people think the more they have the better, this is a myth
Would a mortgage lender want to see 10 open credit cards with $100k available credit and a $10,000 balance? No because this is a risk, you could go to Vegas to celebrate buying a home and go into huge card debt from gambling losses

Ideally you would have 3-5 open accounts that you have had for 5 years on average► A low debt to income ratio is key to approvals for a mortgage or a car loan

Student Loans is the MOST common culprit for having to many open accountLearn ► with our Student Loan Consolidation Guide
The next most common issue is people getting store based credit cards you can only use at that storeThink: Home Depot, Kohls, Target, Big Lots, Furniture Row etc...
The next common issue is people opening too many new accounts at the same time thinking this would give them more credit hisotryWhen it actually compounds the problem and scores will go down