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  1. #1
    Green Member
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    Default Is one credit card enough to build credit score of 800?

    First off, I am a noob so bear with me.

    I am a student and want to start building up credit. Obviously there are no shortcuts, but what is the fastest/best/safest way to get to 800?

    How many cards to reach that score, is one card enough? How long does it take to take?

    And for those that have reached this credit score, what credit card(s) do you own?

    Thanks for your time.
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  2. #2
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    You should start out with one card, a bank Visa or Mastercard that's appropriate for you.

    Pay your bills in full and after a while if you want a gas charge card, example Citgo or Exxon/Mobil without the Mastercard or Visa logo. that's fine.

    Then a Discover card. Pay all of your bills in full, use your card but pay your bills in full.

    It may take a few years. I'm 45 years old with 803. I have
    • Exxon/Mobil member since 1994
    • Discover More card member since 1998
    • Capitol1 venture gold version 1.25 miles per dollar
    • American Express green card member since 2010
    • Citgo just this year
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  3. #3
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    Quote Originally Posted by 3lite View Post
    First off, I am a noob so bear with me.

    I am a student and want to start building up credit. Obviously there are no shortcuts, but what is the fastest/best/safest way to get to 800?

    How many cards to reach that score, is one card enough? How long does it take to take?

    And for those that have reached this credit score, what credit card(s) do you own?

    Thanks for your time.
    No it is not. At the very least it will take 3 years, assuming you know every model and matrix which FICO and the bureaus use. Count more on 10+ for those who do not.

    I have quite a few cards, 21 to be exact. I am above the 800 mark.
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  4. Centurion Member
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    A minimum of 3 trade lines will be required to reach the 800 mark. There is no fast track approach to getting there. It takes time and management of your cards. Being in the 800 club won't get you any more benefits than one with a 760 score.
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  5. #5
    Centurion Member Moneytalks's Avatar
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    Quote Originally Posted by namvet View Post
    A minimum of 3 trade lines will be required to reach the 800 mark. There is no fast track approach to getting there. It takes time and management of your cards. Being in the 800 club won't get you any more benefits than one with a 760 score.
    Perhaps a slightly better interest rate??
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  6. #6
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    Probably not on a better interest rate but your ego may get a boost! LOL
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  7. #7
    Centurion Member Moneytalks's Avatar
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    Nothing wrong with the ego boost, as long as something gets better from it haha
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  8. Centurion Member
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    Quote Originally Posted by namvet View Post
    Probably not on a better interest rate but your ego may get a boost! LOL
    Not any better interest rates, but they are far more willing to be generous on underwriting limits.
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