Credit card for $5k?
Answered 1 year ago
I’m new to credit cards and would like to improve my credit by paying off a $5k amount. Issue is I do a lot of cash work in the tourist trade. I’m extremely confident of paying it off without trouble.
Have an answer?
My credit score went up from 700 to 800 in 2 years or less, without taking out a $5000 credit card. So that must be paying things on time and not having outstanding anythings?
you DONT need a credit card or any debt to build a credit rating.
You can build a credit rating through phone bills, utility bills etc.
Please don't be dumb and go onto debt for the sake of it. Debt is dumb (except for an appreciating asset like a house)
PLEASE PLEASE PLEASE don't do this