Your score is based on a lot of factors and not merely on the number of credit cards you have.

Is there any right number of credit cards I need to have if I want to repair my FICO score? How much is too much?

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No, there is no such fixed number. Your score is based on a lot of factors and not merely on the number of credit cards you have. The length of history, the time gap when you last had a negative reporting, your credit utilization ratio, the variety of credit you have etc. Maintain a limited number of credit cards, according to your financial capability. Unused credit helps your score too. Avoid carrying large balances and don't close off old accounts as that'll wipe off the positive credit histories you have. Pay your bills regularly, like the electric bills, utility bills etc.


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