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Divvy Credit Builder - how to use

leo187um
New Contributor

Divvy Credit Builder - how to use

Signed up for the Divvy credit builder and got the physical card in the mail the other day and charged a few hundred dollars on it..

Goal is to use this so I can leverage it to get high-limit business credit down the road; not really sure how to use this effectively to be honest.

 

Can anyone shed some light?

 

Thank you.  

Message 1 of 4
3 REPLIES 3
Kforce
Valued Contributor

Re: Divvy Credit Builder - how to use

Credit is built by good payment history and time.
Use the card, pay on time, and be patient.

 

Message 2 of 4
leo187um
New Contributor

Re: Divvy Credit Builder - how to use

Right but it seems like a prepaid card... do I make a payment within the amount funded and then shortly pay off the balance thereafter (my funded amount decreases by the purchase price?)?

 

Is it better to charge it up to a high amount (say 10k) and then use? 

Message 3 of 4
mfinsmi1
Established Contributor

Re: Divvy Credit Builder - how to use

i though they were closing down the credit builder program

Personal Cards (Over $100k):

Business Cards:

Rebuilding Starting Scores - December 2021

FICO SCORE 8/9 - Current 1/6/23

Stats: : 3/6; 8/12; 17/24 --- AAoA 3 YRS, 8 MO --- INQ: EX-6/TU-7/EQ-2
Message 4 of 4
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