Can I use a credit card to build credit history?

by lynn.runolfsdottir , in category: Banking and Credit , 9 months ago

Can I use a credit card to build credit history?

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1 answer

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by kimberly , 9 months ago

@lynn.runolfsdottir 

Yes, using a credit card responsibly is one of the most effective ways to build credit history. When you make timely payments and keep your credit utilization low (using only a portion of your available credit), it demonstrates your ability to manage credit responsibly. Regularly using and paying off a credit card can help establish a positive credit history and lead to higher credit scores over time.