How to Use a Credit Card Efficiently to Gain Credit
- 1). Apply for a credit card that you are reasonably certain you will be approved for.
- 2). Call the customer service number located on the back of your credit card to find out the credit limit on your card immediately.
- 3). Charge up to 10 percent of the card's spending limit every month. This will keep your debt to limit ratio high and ensure that your credit score accumulates the maximum amount of points each month.
- 4). Pay the credit card balance in full and on time every month. Your payment history accounts for the largest portion of your credit score, thus is it vital that you always pay your credit card bill on time.
- 5). Keep the card open and continue to make purchases and pay them off. A portion of your credit score is determined by the age of your oldest account.