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FrancesB1958
Level 1
January 26, 2020
Question

Credit cards

  • January 26, 2020
  • 1 reply
  • 6 views

Can getting a credit card help my credit score

1 reply

A
Anonymous_
Level 15
January 26, 2020
@FrancesB1958 wrote:

Can getting a credit card help my credit score

A credit card can either help your credit score or hurt as it depends upon how you use the card, whether you pay balances in full, and your credit utilization rate. Generally, however, not having a credit card can actually lower your score, but it really depends upon a number of factors.

 

See https://www.thebalance.com/how-credit-cards-affect-your-credit-score-4040514

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