So CK is saying I need both higher age and more accounts. So my average age is 5 years 9 months and the next level is 7~9 years, so I’m close (1.25 years).
These are 3 open account of 12 years, 4 years, 1.5 years, one closed about 10 years ago held for about 5 years.
So if I open another account, my average would be lowered, but I’d have more accounts.
Total accounts is 4 and that’s the lowest level. The next level is 6~10, so I’d need 2 more account just to move up 1 level from the bottom.
They (CK) says the number of account is a low impact and the age is a medium impact. So adding one more shouldn’t drop the average by much I’d think, but what would I gain? Adding two would mean that 1/2 my accounts are about a year or less old.
I was in the 730’s with just 2 accounts before, so I don’t know that I really need more accounts, but at the same time that was years ago when the average age of the account was much less.
I was told before that a home equity line of credit needed 3 accounts, I don’t know if that’s still the same or not.
Keep in mind that when it comes to Credit Karma, you are the product. They are paid to convince you to apply for their customers' credit cards and loans, which I assume is why they seem to suggest that everyone open 20+ accounts. They're a decent tool for monitoring your credit report, but take their recommendations with a grain of salt.
Credit karma hawks credit cards. They just want you to sign up for more cards through their App so they get a kick back
I also have three accounts… a fourth (car) just recently fell off. I’m around 780. I’m not doing a thing to change. Don’t know how old you are… if young I would maybe open another or just hold off for life accounts (cars or house) to open.