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Does a credit card help your credit?

Updated: 9/16/2023
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14y ago

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A credit card can help your credit score improve if you pay it on time. Over time it will show you have a good payment history and it can also diversify your credit if you have other types of credit accounts. Keeping a low balance will also help your debt to limit ratio.

It will only hurt your credit if you max it out and don't pay it on time.

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14y ago
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