From Time:

The strategic use of a credit card is a key way to build credit and improve financial success. There are two main types of credit cards: secured and unsecured. Secured cards require a security deposit and are typically used for those with poor or limited credit history. Unsecured cards require a fair to excellent credit score and offer higher spending limits. Student and retail store cards are also options for those with limited credit history. Making on-time payments, keeping balances low, limiting credit inquiries, and keeping accounts open are all proven ways to build good credit. Being aware of your credit report and reviewing it for accuracy is also essential. With these strategies, you can effectively and efficiently build good credit or repair poor credit. It may take time, but the results are guaranteed to be positive.



Read more: How to Use a Credit Card to Build Credit