Advertiser Disclosure

🏦 Get funded today with one of our top lenders for 2021

How To Build Credit With A Credit Card

    Jared Beilby
  • 4 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Jared Beilby

Jared Beilby

Expert Analyst & Reviewer at Merchant Maverick
A credit card analyst and expert in neobanking, Jared has been researching and writing about small business finance since 2018. His data studies have been cited in a number of media outlets, including Forbes, MSN, and NBC. He holds a Bachelor of Arts in Journalism from George Fox University.
Jared Beilby
View Jared Beilby's professional experience on LinkedIn.

⭐️ Featured Free Corporate Card ⭐️

Divvy Card



Visit Site

Read our Review

Divvy offers a free corporate card for virtually any business. Start earning rewards with your corporate spending today. Get your free card.

⭐️ Featured Free Corporate Card ⭐️

Divvy Card



Visit Site

Read our Review

Divvy offers a free corporate card for virtually any business. Start earning rewards with your corporate spending today. Get your free card.

Leave a comment

4 Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Bob Rising

    If you have multiple credits cards with balances over 30% and you’re trying to pay them down, is it better to pay them off one at a time or a little bit on each one every month?

      Emily Hale

      Hi Bob,

      That’s a great question. In terms of building credit, it is important to get all your cards under the 30% threshold because credit bureaus consider both the individual accounts and the total of all accounts. It’s also important to balance this truth with saving money overall. In that regard, you might want to focus on the cards that have higher interest rates and pay them down to that 30% threshold sooner rather than later. That way you’re making progress with all of them, but focusing more on the cards with higher interest rates. Hope this helps, and best wishes as you work to gain financial freedom!

        Virginia Alberino

        You said not to close an account,how about when you have an account 2 months and they close it on you.

          Emily Hale

          Hi Virginia,

          Without knowing the details, I can recommend contacting the credit card company you had your card with and see why they closed it. Another option is to apply for a new card, but as the post said, don’t apply for too many at once. Any of the options in the beginning of the post may be a good fit, including the Discover It Secured card. Hope this helps, and best of luck.

          Leave a Reply

          Your email address will not be published. Required fields are marked *

          Your Review

          Comment moderation is enabled. Your comment may take some time to appear.
          Please read the "User Review and Comment Policy" before posting.

          Share

          We Recommend Divvy Card 🏆

          Divvy offers a free corporate card for virtually any business. Start earning rewards with your corporate spending today.

          Get Started

          Get started with no commitment today.

          Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

          Sign up for the Maverick Newsletter

          • Please select topics of interest

          • We occasionally send out emails with special offers.
          • This field is for validation purposes and should be left unchanged.