Almost every credit card company has an app has an auto pay feature – take advantage of this
On top of that, if you miss a payment, credit card companies usually don’t report that missed payment until a month later
Ways to build your credit without a credit card – give yourself a loan – believe it or not this is possible. There’s apps that can help you do this. I wouldn’t recommend it unless your credit is in really bad shape because you won’t have access to that money until the loan is paid off. – also keep in mind you WOULD have to pay interest – do your due diligence before taking this step
You can call up your credit card agency and ask for a credit line increase (CITI and Discover let you do this on the app) – be strategic about this, since you can only do this once every 6 months. ($90,000 cap before they require you to show proof of income) – make sure to ask if they give you a hard inquiry – some do and some don’t
Keep in mind you can negotiate with credit card companies to reduce interest rates or yearly payments
Be strategic when considering credit cards – some offer points, others cash back, do your due diligence and find what works best for your situation – read up on each card
Total debt usage impacts credit score – its recommended to keep this below 30% – but strive to keep this as low as possible
If you do not have a credit card and you want to start building your credit history up, I would suggest you going to your bank and seeing if your pre approved for a card. You may be pre approved without even knowing it.
