How many credit cards?

[TXskyblue]

Short answer: Three is probably plenty.

Longer answer: The FICO model takes into account many things. Credit mix is one thing. FICO wants to see a mortgage, an installment loan (like auto), and a few revolving accounts (credit cards). The exact ideal is not disclosed. I believe three is plenty. Another thing FICO takes into account is age of accounts. They average all your tradelines and the older that average is, the better your credit score will be. Well, opening new accounts is going to lower the average age of accounts sharply. Another aspect of your FICO score is utilization. Ideal utilization is about 1-9%. If you owe $100 on your credit card but the limit is $200, your utilization is 50%. Open up some more accounts and your total credit line is now $1000, while you owe the same $100. Utilization is 10%. Much better and your score will be higher.
As so many of us got into BK because of credit card debt, I hope that utilization is not an issue for you so opening up new accounts won't improve your already-excellent utilization. Your credit mix is unlikely to improve by opening more revolving accounts. And your average age is going to drop. Overall, you'd do well to maintain your current FICO and more likely might drop a little. FICO is fickle, so there are no guarantees.

[justbroke]

It is so hard to tell. Having 1 to 3 bank cards (branded major credit cards) is typically okay. The key is to maintain a very low balance (less than 30% at worst, less than 10% at best) to keep your utilization low and your score high. If you carry multiple accounts with a balance, that counts against you, but I don't know where the threshold lies.

[tigerman]

I have 3 cards with very little balance on them, my question is, is it better to have more than that to give your score a boost? I don't plan on getting anymore but was just curious, maybe I have too many I don't know.