Question by Thomas Neel: What is the best way to build credit with department store credit card?
I have a Jared jewelry credit card account. I was wondering the best way to keep this active and build credit at the same time.What I have been doing is buying something within my means and making min payments to pay it off in one year. Is this good? Is it better to buy smaller things and pay off in full every month? Need help any accurate feedback is greatly needed.
Best answer:
Answer by msc
It’s best to pay it in full each month. I would try to get a Visa or Mastercard instead of a store card. That way, instead of buying things you might not need, you could use it for gas, groceries, and other everyday expenses.
If you do get another card, keep your store card open too with a zero balance, as long as there’s no annual fee. That shows that more banks trust you, and you’re using a smaller percentage of your available credit.
What do you think? Answer below!