conversation: User (AutoModerator): "\n### New members, please read through the [New User Orientation.](http://www.reddit.com/r/personalfinance/wiki/newuser)\n\nThis a continuation of Moronic Monday. Anybody can post a PersonalFinance-related question in a Moronic Monday thread and not get made fun or downvoted of for it. It provides a safe spot for asking questions you fear may come off as "moronic."\n\n*Make a top-level comment if you want to ask a question in a safe space! Don't downvote "moronic" questions!* If you have not received your answer within 24 hours, you can feel free to [start a discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true).\n\n**A big thank you to the many PFers who take time to answer other people's questions!**\n\nFor past Moronic Monday threads, please search the [Weekly Archive](https://www.reddit.com/r/personalfinance/search?q=Triumphant+Thursday+author%3AAutoModerator&amp;sort=new&amp;restrict_sr=on&amp;t=year#res-hide-options).\n"
  Self: "Regarding [this thread here](http://www.reddit.com/r/personalfinance/comments/3d4kgq/open_another_credit_card_or_apply_for_more_credit/).\n\n I'm looking to raise my credit score. I've played with the credit simulator offered to me through Capital One, and it has shown that getting a limit increase won't do anything to help my score. However, if I were to add another card with a 5k limit on it, it would boost my score quite a bit.\n\nI'm looking to apply for a mortgage in the next 12 months and would like to have a credit score high enough to get me the best possible rate.\n\nWould it be best for me to start card shopping to push my rate up as quickly as possible?\n\nFor reference: 23 years old, 715 credit score.\n\n I have 1 credit card, Capital One Quicksilver - open since 07/2014. \n\nOne loan on my motorcycle, due to be paid off 04/2016. \n\nOne closed student loan account, paid off early 2014."
  miscsubs (miscsubs): "What's your current score? Another card might help since you have only two active accounts but don't spend money just to increase your credit score.\n\nThe best way to increase credit score is usually to pay everything on time, and to be patient."
  Self: "&gt; For reference: 23 years old, 715 credit score.\n\n"
  miscsubs (miscsubs): "I think what you need is patience and keep paying things on time. Anything above ~ 740 is excellent and gets the best rates."
  Self: "You're right, I guess it's just incredibly frustrating sitting ~25 points below that excellent point. "
  