Card Check Credit Credit No Student

I am currently a student and I had a bank of America student credit card with a credit limit of 700.00 for about a year. I have been using the card credt occasionally and then pay off immidietly fund my account with my service online banks pay the bill. I guess Im using the card like a debit card manual. My question is do I build a good credit score that way or do I need to pay interest somewhere? Im quite the card has no annual fee, but Im sure it has a high APR. Any thoughts?

It is indeed a great way to build good credit. Paying the bill on time and did not carry a balance - which shows that you do not spend more than you can afford, which is exactly what everyone should do.

A high in April is fine if you never have to pay interest!

You can visit http://www.debteraserzone.com and find useful tips and several articles on credit card related issues. Report Abuse

You build a good credit do not have a carryover balance.

Sources:
... http://www.creditcardassociate Flag

It is always best to keep the credit cards paid in full if possible. I have a credit score extremely high, and never carried a balance on my credit cards.

you build credit to this account. looks like you have paid every month as it is a good thing .. you go. I am a collector for Aspen Aspire emerge and gold tribute. more than you pay at the time that you least April. Whenever you are late with a payment, you are up in April. It does'nt matter if you have no interest .. you build your credit rating .. if you have a credit card is the way to do it. You can also call your customer service department and request a higher credit limit. they will raise your credit limit. do not be late or further limit and you'll fine. Good luck to you!

The only thing you need to check is the last statement balance. Thats the balance that is reported to the office each month. If the creditor reports a low balance on your score increases, you need to know when his report. bring coulda be between your payment.

Good Luck

By paying your bill every month, you get a good credit score.
It is best to use it more often and therefore pay the balance at maturity - rather than just use it from time to time - try to use it on a regular basis. Then, apply for another credit card and do the same thing.

Continue as you.

You do very well.

As long as you pay your bill, that's all that counts in the calculation of credit scores, not that you pay interest. In the past 20 + years, I paid about $ 100 in the interest of all my credit card issuers.

What you do is a good start. You show that you can manage credit responsibly. The next step, if you want, is a larger loan. Perhaps a used car or a motorcycle? Whatever you do, do not fall into the trap of paying only the minimum payment. These are set so that someone can pay for years to pay the original loan.

A balance of less than 50% of your credit limit will help you build credit, as long as you pay at least minimum monthly payment you on time every month. Achieving a balance, banks are able to see on your credit file that you are able to make monthly payments o.