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How can I use my new credit card to maximally benefit my credit score? (lemmy.world)

submitted 2 weeks ago* (last edited 2 weeks ago) by cheese_greater@lemmy.world to c/nostupidquestions@lemmy.ca

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for bills, is having it on autopay with the biller superior to using it manually to pay that biller? I prefer to manually manage all that as I have for years but I figure its beneficial to get that on a credit card and just make sure its paid off. I already basically use a bills bank account to do essentially this manually
only purchase what I already have set aside/budgeted for and can payoff before the grace period
anything else?

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[–] Duchess@piefed.linenoise.vip 2 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

I have a 780 score and have helped several friends and family build their credit including coming back from a bankruptcy this stuff is a hobby for me. OP was asking about credit maxing and that’s how you do it.

[–] pelespirit@sh.itjust.works 4 points 2 weeks ago

I have a 780 score too and I pay it off every month. It may depend on other things for each person. I bet it's dialed in to each individual.

[–] BCsven@lemmy.ca 1 points 2 weeks ago

Its arbitrary though. My score was that and I had $45k debt at one point due to divorce and a move etc. They only care that you keep making payments to show they can offer you more ways to get in debt. Its stupid to pay interest to get a highacore.
Then there was my wife who barely had an credit cars and no other assets or debt and she was over 800 somehow.

[–] cheese_greater@lemmy.world 1 points 2 weeks ago

What are the best other tools or approaches that are staple here?