Money experts: I have one credit card, is this bad?
I have a “good” credit score. I have one credit card + a student loan. I watch my score so I can qualify for lower interest rates on future loans (auto, home) and save money. Is having one credit card bad?
If you pay off your balance every month or your keep less than 30% of the credit as carryover then it is not bad.
Just keep a job for a long period of time and stay in the same residence for a long period and those will help you out greatly.
I would get one more card and setup a bill for it to pay every month like your phone or internet. Then just pay off the credit card every month. You could also use the card just to get gas and then pay that off every month. This will show that you have more open credit which is one of the factors in the credit score.
