A good credit score is a privilege, and I know this because my score is currently 784, which is considered ‘very good’ on the FICO scale. It has allowed me to add some of the best credit cards to my wallet, get a mortgage, and pay off my car loan at a low rate.
My Journey to Building Credit
In 2018, my credit score was around 620, which seemed as though nothing I did could help it. But then I got a credit card from Capital One, which promptly approved me for the Capital One Platinum Secured Credit Card.
I managed to avoid the pitfalls and used my cards successfully, but credit building wasn’t a quick process. I picked the right credit card for me, kept my credit utilization low, paid my bills on time, and eventually upgraded to a better credit card.
Tips for Building Credit with a Credit Card
To build credit with a credit card, it’s essential to become an authorized user, find the right credit card, keep your balance low, track your credit, and be proactive. You should also stay strategic about your credit cards and evaluate your strategy when needed.
By following these tips, you can maximize your journey to building credit with a credit card and achieve a very good credit score.
Original reporting: Texarkana Gazette — read the source article.
