Why You May Want To Use Your Credit Card Every Month

In order to have a credit score, you must have activity on your credit report. If there is no activity on your report, you cannot get a score. That’s why it’s important to have some type of activity every month. Activity does not mean you need to go into debt. You can make a small purchase every month and that is considered activity. Other factors you want to consider…

Keep Utilization Low: One of the most important components of your credit score is utilization. Keep it low so your score won’t drop.

Pay On Time: The most important part of your credit score is a history of on-time payments. Pay your bill on time by setting up automatic payments. Also, do your best to pay your balance in full.

By clicking submit, I authorize Wallet Monkeys and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.