The Top 6 Credit Card Methods for Credit Building 

One of the most accessible tools for building credit is a credit card. However, it's essential to use it wisely to avoid debt and improve your credit score. 

Here are six effective strategies to build credit with a credit card: 

The most critical factor in building credit with a credit card is making timely payments. Payment history accounts for a significant portion of your credit score .

Like Save And Share

Even one late payment can negatively impact your credit score, so consistency is key. 

Your credit utilization ratio, which is the amount of credit you're using compared to your total available credit, plays a significant role in your credit score.  

Aim to keep your utilization below 30%. For example, if you have a credit limit of $5,000, try to keep your balance below $1,500.  

Keeping your utilization low demonstrates responsible credit management and can positively impact your credit score. 

For More Stories