Building credit
If you don’t have any credit or you want to focus on improving your credit score, using a credit card with more responsibility might help you because credit card companies will send reports with your payment activity to credit bureaus.
Even so, debit card use doesn’t even appear anywhere on your credit report, so it might help you build or improve your credit. Even if you decide to deposit some funds to get a secured credit card, this will only help you build your credit history, and finally qualify for unsecured cards or even larger loans.
We’re curious to know what’s your take on using the credit card, rather than debit! So don’t be shy and tell us about your experience in the comment section below!
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Very helpful, but I may talk face-to-face with my banker to clarify what’s best for me as a senior.
I agree with the credit card usage advice this article provided except with the use of a VISA credit card. I am a senior citizen that used my Nordstrom’s VISA credit card for Pauley’s Movers in Baltimore, MD. When I complained about the overcharges and services of the movers, Nordstrom agreed with my complaint and directed me on properly filing my complaint to VISA. VISA declined all the evidence I provided. I would not recommend VISA to anyone. I am no longer a VISA customer. Unfortunately, I found out too late many other negative reviews online about this moving company and, I’m extremely disappointed in VISA response and actions.
J
Those are really helpful tips that I already knew and instill in my children.