Today’s question is: Will I Build Credit Faster With Multiple Credit Cards?
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Will you build credit more quickly if you get more credit cards? It turns out that credit scoring is not so simple. While having more credit cards will give you more available credit and make it easier to keep a low utilization (improving your credit score), every new credit card you open will lower your average age of accounts (decreasing your credit score). The same is true for secured credit cards, which require a security deposit to open.
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