There is no such thing as the "best credit card". Everyone uses credit cards for their own purposes. Whether its to build a great credit history for major charges or possible loans in the future (car or maybe a house), racking up airline miles for that perfect getaway or to simply budget essential purchases with your paychecks everyone is looking for something specific from a credit card. Whatever your situation may be I am going to share with you my top tips and tricks to raise your credit score and get the most out of your card.
Still The Best
OK, this one is an oldie but definitely a "goodie". It has always been said that one of the best ways to raise your credit score is to have someone with an excellent credit score add you as a cardholder. Whether its a friend, a relative or your boss, shining in the light of those with glowing credit scores is still the best 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. Second, stop charging up to the limit each and every month, use cash whenever possible. Lenders offer you these limits but a history of pushing it to the max every month is indicative of inextinguishable expenditure even if you are able to pay on time every time. Third, get a copy of your credit report as detailed by each of the three nationwide credit reporting agencies, Experian, Equifax and TransUnion. You can request a free copy of your report from each agency from www.AnnualCreditReport.com, it really is free (once every 12 months).
With each of your credit reports at hand comb through every single item and look for any errors. Even the smallest inconsistency can negatively affect your credit score and close a lot of doors for you.
Credit Score Saving Tip
Real life happens. Emergencies come up and the last thing on your mind may be paying your bill. In any case, sometimes simply writing a letter to your creditor and asking for forgiveness is enough for them to grant to an erasure. 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.
About this Author
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