I am in the process of building credit. I have a secured First Progress card and a Discover IT card.
I am curious on how to effectively increase your credit score as best possible.
How should it work, being the credit score updates monthly?
Would I use the credit card and pay it off immediately the same day?
Would I allow close to full-balance go into the next month (I don’t think so…) and then pay it off and allow it to be like 3-5% into the next month?
Then Credit Socres would see the credit card being used, paid off, and then utilized only 3-5%.
OR should I use it, pay it, and only allow 3-5% to rollover into the next month and nothing more?