Comments on: Should You Use Your Credit Cards If You Want To Raise Your Credit Score? http://www.askmrcreditcard.com/creditcardblog/should-you-use-your-credit-cards-if-you-want-to-raise-your-credit-score/ Latest Credit Card News, Reviews and Information Sun, 21 Mar 2010 06:53:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John Forbes http://www.askmrcreditcard.com/creditcardblog/should-you-use-your-credit-cards-if-you-want-to-raise-your-credit-score/comment-page-1/#comment-120516 John Forbes Sat, 24 Oct 2009 00:23:26 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5738#comment-120516 Yes, one must use credit to boost credit. The problem occurs when someone doesn't have the self control to limit the spending. Keeping with the 20% strategy will always move the score up. Yes, one must use credit to boost credit. The problem occurs when someone doesn’t have the self control to limit the spending. Keeping with the 20% strategy will always move the score up.

]]> By: Heather http://www.askmrcreditcard.com/creditcardblog/should-you-use-your-credit-cards-if-you-want-to-raise-your-credit-score/comment-page-1/#comment-120384 Heather Wed, 14 Oct 2009 17:17:02 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5738#comment-120384 This is a great article on how to use your credit cards correctly to raise your score! Thank you! I'm in the same situation as Kate - I don't want to use my cards but have to to help my credit score. I've found that a great way to do this is by having a store card at your favorite store. For instance, I have a card with Kohls (my favorite store to buy clothes). Since I already shop here frequently, instead of just paying cash like I used to, I charge the shirt or whatever and pay it off that month. By doing this I have seen a great boost in my credit score and as a perk I receive monthly deals from Kohls that save me even more money simply because I am a Kohls charge card member. So it works out great all around! I also highly recommend becomming a member with a credit watching website that will frequently give you your creit report. I am a member with Privacy Assist since I get a discount for it through my bank. I have been a member for about 18 months and love it! I receive my 3 credit reports and score every 3 months and have all sorts of tools in the mean time to use to help raise my score. My favorite is the Credit Anaylizer. This tool can give you a hypothetical of what may happen if you open a new card, pay off balances, charge a card, and so much more. Using a toll like this one, is how I have raised my score by 120 points in just a few months! I highly recommend it! I do have a question also and hopefully I ask this right. I am a new member with American Express Gold Rewards card. This will be my first card where there is no limit. I can spend thousands and just pay it off monthly. Since I already do this, I'm really excited about racking up all of the rewards by putting my business expenses on this card. However, since there is no credit limit with this card, how do I use it in such a way that it will raise my credit score? I am used to the scenario mentioned above where you use 20% of your available credit and pay it off. How will not having a preset spending limit and spending thousands on this card (business expenses as a business owner) paying it off monthly effect my score? I plan on putting allot on this card but should I back off on how much? I was planning on putting most business expenses on it to help get my travel rewards. I have no problem paying it off monthly what so ever and do not need to charge it, I just want the rewards and raise my credit score. Does it matter how much I put on it? Please help! This is a great article on how to use your credit cards correctly to raise your score! Thank you! I’m in the same situation as Kate – I don’t want to use my cards but have to to help my credit score. I’ve found that a great way to do this is by having a store card at your favorite store. For instance, I have a card with Kohls (my favorite store to buy clothes). Since I already shop here frequently, instead of just paying cash like I used to, I charge the shirt or whatever and pay it off that month. By doing this I have seen a great boost in my credit score and as a perk I receive monthly deals from Kohls that save me even more money simply because I am a Kohls charge card member. So it works out great all around! I also highly recommend becomming a member with a credit watching website that will frequently give you your creit report. I am a member with Privacy Assist since I get a discount for it through my bank. I have been a member for about 18 months and love it! I receive my 3 credit reports and score every 3 months and have all sorts of tools in the mean time to use to help raise my score. My favorite is the Credit Anaylizer. This tool can give you a hypothetical of what may happen if you open a new card, pay off balances, charge a card, and so much more. Using a toll like this one, is how I have raised my score by 120 points in just a few months! I highly recommend it!

I do have a question also and hopefully I ask this right. I am a new member with American Express Gold Rewards card. This will be my first card where there is no limit. I can spend thousands and just pay it off monthly. Since I already do this, I’m really excited about racking up all of the rewards by putting my business expenses on this card. However, since there is no credit limit with this card, how do I use it in such a way that it will raise my credit score? I am used to the scenario mentioned above where you use 20% of your available credit and pay it off. How will not having a preset spending limit and spending thousands on this card (business expenses as a business owner) paying it off monthly effect my score? I plan on putting allot on this card but should I back off on how much? I was planning on putting most business expenses on it to help get my travel rewards. I have no problem paying it off monthly what so ever and do not need to charge it, I just want the rewards and raise my credit score. Does it matter how much I put on it? Please help!

]]> By: Rajeev Singh http://www.askmrcreditcard.com/creditcardblog/should-you-use-your-credit-cards-if-you-want-to-raise-your-credit-score/comment-page-1/#comment-108530 Rajeev Singh Fri, 29 May 2009 19:12:04 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5738#comment-108530 I think credit card can be a very handy tool for getting a good credit score. It really will help people to establish credit history without taking long term high volume loans. But the key is to make small purchases and paying it off at the end of the month. I think credit card can be a very handy tool for getting a good credit score. It really will help people to establish credit history without taking long term high volume loans. But the key is to make small purchases and paying it off at the end of the month.

]]> By: Kate http://www.askmrcreditcard.com/creditcardblog/should-you-use-your-credit-cards-if-you-want-to-raise-your-credit-score/comment-page-1/#comment-105746 Kate Mon, 27 Apr 2009 18:44:10 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5738#comment-105746 Wow! Thanks so much for answering my question with a whole post. I feel so lucky :) This was such helpful advice and I will definitely take it to heart. I just finished reading an advice book that has really inspired me to start making these incremental changes, called the Power of Small, and for me, getting my finances in order is my number one priority. So, your advice is truly appreciated! Although I do have a strong credit score, my husband and I are hoping to purchase a home in the next few years, so every little small change I can to make it perfect helps! Wow! Thanks so much for answering my question with a whole post. I feel so lucky :) This was such helpful advice and I will definitely take it to heart. I just finished reading an advice book that has really inspired me to start making these incremental changes, called the Power of Small, and for me, getting my finances in order is my number one priority. So, your advice is truly appreciated! Although I do have a strong credit score, my husband and I are hoping to purchase a home in the next few years, so every little small change I can to make it perfect helps!

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