Credit Cards to Establish Credit
Establishing positive revolving credit is essential to building and optimizing your credit scores.
Establish Positive Credit
Do you have any open lines of credit? Establishing positive lines of credit is essential to optimizing your credit scores.
A revolving line of credit will ensure at least one positive line of credit reporting positive credit history to all three credit bureaus to optimize credit scores.
Revolving Credit
Credit cards are revolving accounts that report monthly to all three bureaus, building positive payment history every single month.
Credit Mix
Having different types of credit (revolving, installment, mortgage) accounts for 10% of your credit score calculation.
Utilization Ratio
Keeping your credit utilization below 30% of your available limit is one of the fastest ways to boost your score.
Tips for Using Credit Cards to Build Credit
Pay On Time, Every Time
Payment history is the #1 factor in your credit score. Set up autopay for at least the minimum payment to never miss a due date.
Keep Balances Low
Try to use no more than 30% of your credit limit. Balances over 30% are seen as a risk and can lower your score.
Keep Cards Open
The age of your accounts matters. Keeping older cards open builds a longer credit history, which positively impacts your score.
Start With a Secured Card
If you have limited or no credit history, a secured credit card backed by a deposit is the easiest way to start building credit.
Need Help Choosing the Right Card?
Our credit specialists can recommend the best credit cards for your situation during your free consultation. We'll help you build a strategy to establish and grow your credit.