Can I use a credit card to build credit history?

by lynn.runolfsdottir , in category: Banking and Credit , a year ago

Can I use a credit card to build credit history?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

Member

by kimberly , a year 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.