How Do Credit Cards Help to Build Credit History?
Credit Cards Help Build Credit History Your credit history and score are based on a variety of factors including your history with credit cards. Creditors like to see how well you manage different types of credit when considering your application, so credit cards are an important building block for a strong credit history. The longer you have had a credit card, the more positive the impact on your credit report and score. If you are considering closing any credit card accounts, always keep the card that you have had the longest. If you are rebuilding or just starting out, consider a secured credit card to build your credit history. Secured credit cards are guaranteed by the amount of funds you place in an account with the card issuer. With time, the account can become unsecured. Build Credit History by Keeping Credit Card Debt Low Build a strong credit history by maintaining credit card debt at or less than 30% of your total available credit. Too much credit card debt has a negative im
