How can I build my credit using credit cards?
Building credit with credit cards involves responsible usage. Start by applying for a card, using it for small purchases, and paying off the balance in full each month.
What if I can't pay the full balance every month?
If you can't pay the full balance, try to pay at least the minimum payment to avoid late fees. However, aim to pay more than the minimum to reduce interest charges.
How many credit cards should I have to build credit?
Having one or two credit cards is usually sufficient to build credit. It's important to manage them well rather than having many cards.
Will closing a credit card affect my credit score?
Yes, closing a credit card can affect your credit score by increasing your credit utilization ratio and reducing your overall credit history length.
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