There is no such thing as the \”best credit card\”. The purpose of credit cards depends on the various needs of the user. There are as many specific uses for credit cards as there are users. You can use credit cards to build a good credit history for a future major purchase like a house or a car. You can accumulate airline mileage for that perfect getaway you want with your family. You can even budget your finances for your basic needs. Here are tips and tricks I have used to get full benefits from my credit card as I raise my credit score.
The Best Tip
Do you know anybody with an excellent credit score? Ask him/her to add you as a cardholder. This is one of the best ways to raise your credit score. This is like basking in the glow of his/her credit score, be that a family member, a friend, or a colleague – a sure way to raise your own credit score. You may have to suck up your pride but even if you already have a family of your own asking your parents to add you as a cardholder is a must if they have good credit while yours is in the gutter.
Strong Fundamentals
There are four fundamental methods to raising and maintaining your credit score. First, pay your bills every time on time. The second method is to stay within your credit limit. If you\’re in danger of exceeding it, pay in cash. Don\’t make the mistake of exceeding your credit limit. This is detrimental to a good credit score even if you\’re always on time with your payment. Third, get a copy of your credit report as detailed by each of the three nationwide credit reporting agencies.
Check for any errors on your credit reports once you get them. Even the smallest inconsistency can negatively affect your credit score and close a lot of doors for you.
A Good Credit Score Is An Asset
Sometimes a letter of apology from you is all that\’s needed for your creditors to grant you an erasure should you ever miss to pay on time. Of course, no matter how good your letter is getting them on a consistent basis is not fun and your creditors\’ goodwill is likely to run out quickly. Ask for an erasure once and make sure to live by the fundamentals.
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