Open account
Credit scores & reportsA credit account that is currently active and available for use.
Overview
Open accounts include credit cards, loans, overdrafts, and other active credit.
They contribute to your utilisation, payment history, and credit age.
Why it matters
- Open accounts shape your current credit profile.
- Payment history on open accounts is especially important.
- Too many open accounts can appear risky.
FAQs
Do open accounts help my credit score?
Yes, if they are managed well and paid on time.
How many open accounts is too many?
There is no fixed number. It depends on your overall history and affordability.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.