I think it does, since it show more items in good standing

Posted by Marc (66.232.37.3) on October 22, 2003 at 16:17:14:

In Reply to: does it help to have more than one secured card? posted by dave on October 22, 2003 at 15:48:04:

I think the way the reports are set up now, it is probably good to have 4 or five small limit cards and pay them in full every month.

Get a perfect payment history going. You will be surprise how quick these banks catch on, and you'll be getting better offers for lower interest cards/rewards cards in less than a year.

Although the interest rate doesn't really effect me, since I pay them all in full before the due dates every month. Lower interest rates/high balances are pretty much a scheme to get you to charge up the card really high so you cannot pay it all and be forced to pay them interest every month.

Don't get caught in that trap. It's better to have smaller limits and more cards and pay them all.

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