- Credit Card
- Real Estate
I am a first time owner of my own credit card. I got it with the purpose of building my credit to be able to receive loans for cars/house and things of that sort.
I have amounted some student debt but now have a healthy steady income. I also keep very close track on my daily expenses and how I spend my money.
My plan with using my credit card is to pay it off in full when I receive the bill.
My question lies in how I should be using it though.
Should I use it like how I’ve been using my debit cards? i.e. for lunch/dinner/coffee and other every week expenses…gas, groceries, random stops at the local convenience store… (just about everyday)
Or should I use it for only specific expenses like gas and groceries? (rather seldomly)
Like I said, my goal is to build my credit score and I’d like to know the most effective way to do so (do more purchases on my credit card, and paying it off in full equal higher credit score?)