No you don’t. If you put everything on your credit card and simply auto pay the statement balance, you will easily build credit and pay no interest. That obviously doesn’t apply for bigger loans like mortgages and stuff, which you obviously will have interest on, but isn’t required at all to have good credit.
I’m a broke bitch with no car/house loans. I just have 2 credit cards I put practically everything on and then auto pay it. Others may have mentioned this, but keep that credit usage around 10% to 20%. But I only have like a $8k credit limit each on both of my cards so I tend to pay it off a bit early when one gets around $500+. That still is good enough to get me 750 credit score, which is good enough for anything I really need right now. That’s also from getting hit from accidentally missing a payment like 6 years ago. Only real way I can get higher at this point is for that to roll off next year and potentially getting a mortgage.
No you don’t. If you put everything on your credit card and simply auto pay the statement balance, you will easily build credit and pay no interest. That obviously doesn’t apply for bigger loans like mortgages and stuff, which you obviously will have interest on, but isn’t required at all to have good credit.
I’m a broke bitch with no car/house loans. I just have 2 credit cards I put practically everything on and then auto pay it. Others may have mentioned this, but keep that credit usage around 10% to 20%. But I only have like a $8k credit limit each on both of my cards so I tend to pay it off a bit early when one gets around $500+. That still is good enough to get me 750 credit score, which is good enough for anything I really need right now. That’s also from getting hit from accidentally missing a payment like 6 years ago. Only real way I can get higher at this point is for that to roll off next year and potentially getting a mortgage.