This might seem counterintuitive, but here’s why it’s true.
Lenders look for evidence that you pay your debts, so establishing a long, positive credit history will actually contribute to higher credit scores over time. The older a credit card account is, the more positively it will affect your credit score – so long as your history also includes making your payments on time consistently.
Have you been reticent to get a credit card for fear of negative financial impact? If so, it’s time to consider the above benefits. Of course, it’s always best to pay your balance down to zero each month. If you have the discipline to do so, credit cards can be a useful financial tool.