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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.
Credit is built by good payment history and time.
Use the card, pay on time, and be patient.
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?
i though they were closing down the credit builder program