This Blog is about the best way to use a Credit card to suit Credit. Credit is important in this country and it is an obligation to keep your credit in good standing. Before we go any further.
What is a credit card?
A credit card is a card issued by a bank, business, that contain a certain amount of money. You can access and use them at any time, allowing the holder to purchase goods or services on credit.
When I first came to this country, my mother and other family kept telling me to stay away from credit or credit if I want to have a life. But I did totally the opposite.
What is the best way to use a credit card?
A credit card can be a valuable tool if you know how to use it properly. Likewise, using credit cards irresponsibly can lead to a world of hurt. For example, from sublime and friend that is not using a credit card accordingly, results in a world of debt where some services company not even trust them with their services.
From experience credit card is one of those best tools out there, most people might telling you to stay away from credit cards while I rely on credit to do everything.
Use of a credit card to build credit?
My first credit card was a TJ Max credit card. Because, that where I used to go shopping, it was only $200 at that time. I used it anytime I went shopping and pay it off at once before the cycle. And I had a few other credit cards that I did the same for each of them.
2015 I went with my mother to sign up for purchasing my first car, cause I didn’t even know if I had a good credit score or not, because I’ve never checked my credit score, that was the first time, I had got my credit checked and my Credit score was 800. Without known when I built my credit. It took me a while to realize that is the way I used my credit that builds up my credit score.
When you want to build your credit using a credit card, Buy small stuff like when you put gas in your car and pay the full amount. If you do that for one year straight, you will see great results.
How to use a credit card.
There is only one Rule in using a credit card, which is to understand that the money on the card does not belong to you, it is not yours when you use it you have to pay it back.
6 Credit card tips for smart use
- Pay off your balance every month. …
- Use the card for needs, not wants. …
- Never skip a payment. …
- Use the credit card as a budgeting tool. …
- Stay under 35% of your total credit limit.
- Never close a credit card.
- Pay off your credit card in full frequently.