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Alayna Osborne (@alaynaosborne)

Bank It or Plank It 2019

Well-Being @ Work Community | Last Active: May 16, 2020 | Replies (26)

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I need to build my credit rating here in the states – I will be applying for a credit card, use it for daily expenses and pay in full each month. Are there any other products I need to build my credit score? Thanks!

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Replies to "I need to build my credit rating here in the states - I will be applying..."

Hi @ahmedz – a credit card can have a useful place in a consumer’s financial toolbox! It sounds like you are in a “credit building” phase of your life. If that’s the case, I think you’re on the right track: paying off the balance in full and on-time will help build your score. One more piece of advice: I recommend using no more than 25% of the credit limit.
If your credit limit isn’t very high, consider using that credit card to pay one small bill each month (such as a streaming service that you already pay for) and then setting up an automatic payment to pay off the balance of your credit card in full every month.

Hello, I found this article from Experian (one of the major credit handlers or a "multinational consumer credit reporting company") that can help you learn to build your credit here: https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/building-credit/.
Best wishes,