my first credit card tips?

Sick MOFO: my first credit card tips?
whats the best way to raise the so called “credit score”?
paying the minumum every month vs paying the balance off immediately?
does the amount you charge matter?
and any other tips you may have ty.

Answers and Views:

Answer by Jenyfer C
keep a low balance that you make payments on, every month on time. YOur credit score looks at timely payments, but also debt to credit ratio. Try to stay well below the limit. Most credit card companies review accounts once a year and may increase your limit thwn.

Answer by dhragtop
while u won’t raise your credit rating ,i still reccomend paying off the balance,u dont want to pay over 10%interest-do u-?,and not have any go to the princaple.keep using and paying it off and the card compants will keep increasing your limit over time.your rating will increase when you go for bigger ticket purchases like a car ,home,where you can get better interest rates

Answer by snvffy
Oh Timmy. I am so happy you posted this question before it’s too late. PLEASE read Dave Ramsey’s book The Total Money Makeover TODAY !!! www.daveramsey.com

His specialty is getting people out of debt who are deeply in debt because of credit cards and other frivolous spending methods.

I read his book and it completely changed how I look at money. I think it will for you too. Simply stated, his philosophy is that your greatest highway to wealth is your salary, but that credit payments of any kind eat into this and prevent most people from even enjoying life.

Good Luck

Answer by R W
If you want to buy,lets say a phone.It cost 59.99 and you have the cash. Use your credit card and buy it. when the bill comes pay i t off with your cash. do this a few times and the credit card co will increase your card limit and that will increase your credit score. WARNING…don’t buy something you can’t aford to pay for. Credit cards will kill you with high interest rates.Credit card depts are one of the leading reasons for bad/poor credit .

Answer by Uncle Pork
Keep a small balance and then be prompt in payments. If the card has a zero balance, it actually lowers your score.

Answer by DaMan
If you thoroughly examine all 4 hyperlinks, you will be credit-savvy.

Good luck.

Answer by eilishaa
Pay off the balance each month. To ensure that you have the money to do this, write each charge down and deduct it from your checking account balance.

Answer by Eros21
just make sure you pay it off in full every month and if you charge too much that you can’t pay it off then keep your amount owed to balance ratio under 50%.

the amount you charge doesn’t matter. I can charge 500 dollars every month and pay it on time and YOU can charge 50 dollars on it and pay it on time and we both will have the same rating…the only thing it does is it’ll get me MORE CC offers that can only lead to putting me in debt faster than you. So no it doesn’t matter what amount just as long as you pay it off in time.

Answer by alfonso r
Pay the minimum every month! Just do not go overboard! If you go overboard, and send a less payment, that goes against you.

Answer by cj
Pay off the balance each month….I do and my credit score is 812 (Transunion).

Best wishes,

pup

Answer by lets_be_logical
Speaking as the nation’s top credit expert (visit www.LearnAboutCredit.com) …

Pump MORE than your credit limit through your credit card monthly.

Let’s say your limit is $ 300. Let’s say you have $ 0 balance. Now send a $ 300 check to the credit card. Now you have $ 600 you can spend without going over the limit.

Buy everything you can on that credit card withOUT going over the limit, up to $ 600. Food, gas, clothes, whatever you normally buy. You are not going into debt, you are building credit scores.

Do this month after month. It rockets credit scores.

Then after 6 months, ask that creditor to triple your credit line. Run bigger amounts through the card. For example, when you are ready to buy a comptur or,TV put it on the card without going over limit.

Call again after 6 months and ask them to double your limit.

You want to get your limits up to $ 5000+ eventually.

Answer by bijan a
by paying the minumim will help raise your credit score, but don’t do that as the interest rate is very high.
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https://www.bestcreditrates.net/

Answer by bella_4624_19
your credit score will not be affected whether you pay in full or pay the minimum payment. it’s up to you. if you want to save money pay in full, so you don’t pay any interest. pay on time and don’t use over 50% of your credit line. whatever you do, don’t close the account, you need to build established credit.

Answer by waspwithstinger
The key is control. Treat the card as if it were cash out of your pocket. You don’t need to pay it off each month. In fact that will hurt you. I use this rule. I pay off half of the balance each month. If the balance is $ 50.00, I pay $ 25.00 If the balance is $ 400.00, I pay $ 200.00. Every 6 months, I pay it off and start over. My score has jumped from the low 500s to upper 600s in about 18 months.