Skip to main content

4 Amazing Tips To Build Your Credit Score

Having bad credit can be really frustrating. Not only you are unable to avail good credit cards, you are also deprived of excellent services. To help you in building credit, here is our guide on how you can improve credit using Citibank credit card. 

In case your credit card application is rejected, you can try a secured credit card. By using this you can build your credit every month. Paying off your balances timely and keeping low utilisation can also help. Besides these, there are more ways to improve credit. It depends on your approach as in how much time you can improve your credit score. The best way to build credit is by using your credit card account regularly.

Below is a hierarchy of steps you can follow to improve your credit score: 

• Timely payments: Making timely payments is the sign of maturity your provider needs. It shows that you are responsible and can be trusted. Using the amount below 30% and its timely payment is very beneficial for your credit score. Try to pay before the deadline in order to avoid interest. 



•  Don’t close previous cards: Having a credit card even if it is not used can help in building credit. Don’t close such accounts. This method is slower in comparison to others. Using a little bit amount and paying timely can improve the speed of this method. 

•  Avoid too many applications: If your credit card application is rejected, don’t try too much. This can badly affect your credit report. Doing research before applying can help you a lot. Consider what your need is and check if your credit score allows you to buy that or not. In case of bad or low credit score, choosing a secured credit card is the best option. 

•  Check credit report: If you are following every step mentioned above and credit is still low. This can be because of your late bill payments. Pay them on time as they also affect your credit report.

Related Posts:
 

Labels:

Comments

Post a Comment

Popular posts from this blog

Is There A Way To Avoid Paying Interest On Your Credit Card At All?

A lot of us are using regular credit cards and a large number of us probably own a credit cards for excellent credit as well. We all want to avoid paying interest on credit cards in any case. Loans are not free and credit cards prove that. In fact, the credit that we use is kind of a loan that we take from the bank / credit card company. But there is still a difference between a typical loan and the credit that you get on your credit card.   Whenever you seek a traditional loan from a bank / financial institution, there is a certain amount of interest that you have to pay. Credit cards that still offer a type of loan to you can be interest free. This is the biggest difference between conventional loan and a credit card. The interest that you pay on your credit card is basically the fee that you have to pay to the lender for borrowing their money. Most Of The Time It Will Be A Percentage Of The Amount That You Have Borrowed For example, if you have borrowed $1000 fro...
Post a Comment
Read more

Why One Should Care About The Credit Score?

An individual may not have credit for many reasons. But, in actual, one is losing so many good opportunities. Not only having credit is important but the score one has should be good. The positive credit history makes the person more strong borrower. If you haven’t built a credit history yet, then you should get started with the best credit cards for no credit today. Why? Read the reasons below: Having a good credit history ensures one can easily qualify for student loans and low-interest rates. Those having no credit history yet can’t fulfill their dreams of buying a big home. Establishing a good credit makes you take advantage of all the benefits that a credit card has to offer. Building good credit requires time and patience. If you are planning to buy credit cards for no card , then you should consider comparing the features and benefits of each card.
Post a Comment
Read more

What To Compare When Picking Citibank Credit Cards?

Citibank Credit Cards are designed to cater to the cardholder’s financial and lifestyle needs. These cards come with a diverse range of benefits from low introductory APR to travel rewards. As CitiBank credit cards have different features, the users need to compare them before opting for any one of them. Here they are: Everyday expenses Earning reward points Travel rewards Earning cashback Discounts Other offers You can also use a CitiBank credit card to improve or rebuild your credit. It works best as a credit card with no credit for those who have limited or no credit history.
Post a Comment
Read more