I am new to the U.S. and therefore have no credit history at all. I am employed here and my salary is good. I want to build credit history and therefore opened a secured credit card which I use responsibly (<= 10% utilization per month) since 2 months.
I found out today, that Citibank is offering a credit card for non residents based on a letter of employment which includes my salary. Still, they will do an inquiry on my credit score, if I apply for this card but it is very likely that it will get approved based on my salary.
I am wondering now, if it helps my credit score to open up a second credit card which I will use the same way (<= 10% utilization)?
My goal is, to have a good score and a good credit history. I do not plan currently to get a loan or something similar but I want to be prepared for the future.
What are the general effects on my score? I know, it will a first drop a bit because of the inquiry. But what next? Will it be higher because of two cards? The utilization in total will be the same.
Is a second credit card a good idea with a limited history and does it help build my score?
I got approved for the CC from Citibank based on my letter of employment. Will update as soon as my score is updated.
Update 2 After my first statement from my new credit card has been posted, my score went up by 37 points. Everything worked as I expected.