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Using a credit card builds your credit. Just remember to always pay it back (in full) on time.
by gschier 10y ago
Using a credit card builds your credit. Just remember to always pay it back (in full) on time.
- Cyph0n 10y agoHaha, you're right - I did not phrase that correctly: I use a secured CC sparingly to avoid over-utilization. In this case, I had to use my debit card.
- ohwello 10y agoUtilization has no lasting effect on your credit score - if you have 100% utilization one month and pay it off next month, your credit score will be the same as if your utilization was 0% the whole time. It doesn't matter for building credit in the long term.
- Cyph0n 10y agoI see, thanks for the info. I will keep that in mind.