Does Your Credit Score Care What Kind of Credit Card You’re Using?
It’s well known that maintaining a low credit utilization percentage is an important part of a good credit score. What may not be so obvious, though, is that retail card credit utilization tends to play a less-important role in your score than credit card utilization. For this reason, to maximize an already good credit score achieved in spite of having no credit cards, consider adding one or two bank issued credit cards to your credit mix to get the most out of your low utilization.