Comment from OneLastRevolutionary
Time February 21, 2010 at 3:16 am

A faster way to up credit is run up a $3000 tab on your current credit card and pay the balance when due.

Comment from bdancer222
Time February 21, 2010 at 3:49 am

Your credit usage ratio really has nothing to do with your score. Carrying balances of more than 30% hurts your score. But this isn’t a factor since you are paying the account in full every month.

The second account would help build more credit history. Use both cards every month and pay them both in full.

Other factors are more important than your score. The length of your credit history could be a factor. Mortgage companies also look at your work history, salary, and debt to income ratio. You will also need a nice downpayment.

Comment from Kristin
Time February 21, 2010 at 4:02 am

750 is good and should get you a loan with a good interest rate. What else is on your credit? Its good to have a balance of revolving accounts such as a credit card and installment loans such as a car loan. Unlike some said: what your balance is does not matter if you pay it off every month as long as it does not go over 50% of your credit limit. What you are doing is good. You can get another credit card but the inquiry will stay on there for 24 months and may lower your score a little after initially inquiry.