You can have more current accounts and credit cards

Presumption of worse Schufa-Score refuted!

It has been claimed for years that one should not have more current accounts than absolutely necessary. In order to improve the Schufa-Score, one should even cancel credit cards. Even our portal was not free from it, as shown by this guest article of a financial journalist.

First-class Schufa-ranking despite various accounts and cards!

In the past years, feedbacks from our smart bank customer community grew, stating that they have a first-class Schufa-ranking despite various current accounts and credit cards.

Now one of them has provided us with his detailled self-query:


In total, we were provided with 10 pages for evaluation.

5 credit cards, 8 current accounts (partially with overdraft facility), 3 loans (partially repaid), 1 credit line

Additionally, there were 13 banks with the query “Kredit Konditionen” (loan conditions) entered, which derived from a loan calculation by Smava. As this entry is regarded as creditworthiness-neutral, we will not further deal with it in this article.

Which cards and accounts are entered in the Schufa?

In the Schufa, all credit cards, loan contracts and current accounts of contract partners are entered. More than 99 per cent of the German financial economy are contract partners of the Schufa. They report data and are provided with data in return.

Who does not want that can focus on the few Schufa-free providers (current account, loan).

a) Credit cards of our smart bank customer

b) Current accounts

c) Loans

  • Bank Deutsches Kraftfahrzeuggewerbe GmbH
  • DKB (2x)

d) Credit lines

… and the Schufa-score?

According to the current concept of most financial advicers, the Schufa-score should be miserable, however, it looks great:

Trotz vieler Konten eine tolle Schufa

The basic-score is 97.15 per cent!

Is that all?

No, the score has improved by the number of accounts!

One could assume that when taking the calculation of the score-value from the year 2017 as a base:

Schufa-Score vor 4 Jahren

Schufa-score 4 years ago (with fewer entries).

What about you?

I know that some of us are observing the development of the own Schufa-score and I am asking you to report about your observations using the comments feature.

In my observation, I found it interesting that my Schufa-score improved after taking loans or setting up a bigger credit line. I documented about it in these articles back then:

The score did not get worse afterwards. Here you can see a graphical illustration of the past years:

Meine Schufa-Bewertung

The Schufa makes the basic-score available quarterly.

Currently, my basic-score is at 99.35 of mathematically possible 100:

Quartalseinschätzung meiner Bonität

Just like him, I was not among the people that only had the absolutely necessary number of accounts and cards.

My conclusion:

Don’t let “advisors” tell you to limit your financial power to the absolutely necessary!

As long as you do not have at least three banks entered in the Schufa …

… open another account today!

Top-recommendation from our community:

Credit card Current account Credit line
Logo der DKB
Logo der DKB
Logo der ING-DiBa
Link zur Bank Link zur Bank Link zur Bank

What cards and accounts do you have?

I am looking forward to the exchange through the comments feature and thank you for your dedication!

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Who writes here?

Richard helps people through this special portal to find bank products in Germany and abroad and shows how to use them optimally. You can register as a “fan” and, by doing so, watch even more instructions and videos.

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