Get a USAA credit card and start using it. Set it up for auto pay and watch the credit build as time goes by. Credit cards can make or break your credit so watch your spending closely and don’t mess it up.
Service members in general are horrible with money, so don’t cave in to peer pressure without doing your own research
Mmiklase on
Just starting out? Get a secured credit card from USAA. Use it for gas and groceries. Pay the full statement balance every month.
After a while move to a cash back or rewards point card and start earning on what you spend.
MilitaryJAG on
Get a CC. Use it for monthly purchases but pay it off each and every month. Never ever carry a balance. Overtime your credit will grow.
PhraseMaterial on
Get a USAA or navy fed credit card and pay your damn bills
BonChance123 on
Four years ago I was trying to help my wife build her credit, and USAA didn’t have secured credit cards to help. Navy Federal did, though, and it’s a big reason I’ve switched almost everything over to NFCU from USAA. USAA is a ghost of the company it once was.
Get a secured credit card with NFCU, use it for all of your expenses and always pay it off in full every month. After a year, you can expand into other credit cards like Chase or American Express, but always pay them off.
In my view, the only good debt is for appreciating assets like houses. Car loans are sometimes necessary but I avoid them if at all possible because you’re paying interest on something that is losing value.
Ironically_Suicidal on
Go with Navy Fed instead of USAA the latter has been falling off these last few years. Apply for their secure credit card, pay your bills on time and never carry a balance. Do NOT spend money that you do not have in your checking account
CeruleanDolphin103 on
Pay your credit card balance in full, on time every. Single. Month. Doing so will improve your credit score due to on time payments, and paying the full balance every month means you won’t pay interest. Keep the credit utilization low- ideally less than 30% (meaning, if you have a credit limit of $5,000, try to keep your balance under $1,500 every month).
Also, what is the purpose for wanting to build credit? Do you plan to take out a large loan in the near future? Or just doing it as an “adult” thing to do?
7 Comments
I think so starter loans are a scam.
Get a USAA credit card and start using it. Set it up for auto pay and watch the credit build as time goes by. Credit cards can make or break your credit so watch your spending closely and don’t mess it up.
Service members in general are horrible with money, so don’t cave in to peer pressure without doing your own research
Just starting out? Get a secured credit card from USAA. Use it for gas and groceries. Pay the full statement balance every month.
After a while move to a cash back or rewards point card and start earning on what you spend.
Get a CC. Use it for monthly purchases but pay it off each and every month. Never ever carry a balance. Overtime your credit will grow.
Get a USAA or navy fed credit card and pay your damn bills
Four years ago I was trying to help my wife build her credit, and USAA didn’t have secured credit cards to help. Navy Federal did, though, and it’s a big reason I’ve switched almost everything over to NFCU from USAA. USAA is a ghost of the company it once was.
Get a secured credit card with NFCU, use it for all of your expenses and always pay it off in full every month. After a year, you can expand into other credit cards like Chase or American Express, but always pay them off.
In my view, the only good debt is for appreciating assets like houses. Car loans are sometimes necessary but I avoid them if at all possible because you’re paying interest on something that is losing value.
Go with Navy Fed instead of USAA the latter has been falling off these last few years. Apply for their secure credit card, pay your bills on time and never carry a balance. Do NOT spend money that you do not have in your checking account
Pay your credit card balance in full, on time every. Single. Month. Doing so will improve your credit score due to on time payments, and paying the full balance every month means you won’t pay interest. Keep the credit utilization low- ideally less than 30% (meaning, if you have a credit limit of $5,000, try to keep your balance under $1,500 every month).
Also, what is the purpose for wanting to build credit? Do you plan to take out a large loan in the near future? Or just doing it as an “adult” thing to do?