Chip Lupo, Credit Card Writer
Yes, two credit cards will build credit faster than one, if used responsibly, because having a second card generates more positive information to report to the credit bureaus each month. Having a second card will increase your total credit limit, too, making it easier to maintain low credit utilization.
On the other hand, if you worry about overspending and have trouble juggling multiple accounts with different due dates and minimum payment amounts, having more than one credit card could end up doing your credit more harm than good. Besides, it’s definitely possible to quickly build a good or excellent credit score with just one credit card account.
You can get a better idea about whether you specifically will build credit faster with one credit card or two by using our credit score simulator, which you can access when you sign up for a free WalletHub account. You’ll also get daily credit score updates and personalized credit-improvement advice.
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