Just my opinion , i dont think your score is going to care if you do one charge per month or a hundred of them. And as for payments the same thing. Just grab a card go fill up your gas tank and make your payment by the due date or if you want a low balance to report pay 90% before statement cuts . Time will help your fico score.
If you have no house/car/personal loans actively reporting maybe a shared secured loan will help your fico score by having a installment reporting as it did for me.
@thechromepoet wrote:Hi, I have 2 secured credit cards, and I'm trying to build credit by buying very cheap $0.99 cent items each month on both of my cards.
Can you please tell me the most effective way to do this to see results? How many items I should buy, and how many times to make payments each month? Thank you.
my Vantage score: 660
my Fico 9 score: 575
credit utilization: 0% exellent
on-time payments: 97%
available credit: $1,269 below average
no car, no home, no loans.
thank you.
Welcome @thechromepoet The 2 above really dont mean a thing. What cards do you have? Are any cash back (CB) cards? You can run up you card for everyday things. Then pay them off before the statement date. Have 1 of the 2 cards report say $20. After your statement cuts then pay it before the due date. Also look into a SSL with NFCU if you can get in some way and PENFED. SSL is all over this place. So your homework is get to 3 cards and a installment loan. If you cant get into any of the CU's. Theres always Self loan. This stick and gum, pay, more gum, and pay. Doesnt accomplish anything.
@thechromepoet wrote:Hi, I have 2 secured credit cards, and I'm trying to build credit by buying very cheap $0.99 cent items each month on both of my cards.
Can you please tell me the most effective way to do this to see results? How many items I should buy, and how many times to make payments each month? Thank you.
my Vantage score: 660
my Fico 9 score: 575
credit utilization: 0% exellent
on-time payments: 97%
available credit: $1,269 below average
no car, no home, no loans.
thank you.
1. Welcome to the forum.
2. No that wouldn't help you at all. With a total of 2 credit cards, the best thing you can do for your FICO scores is to let one report a zero balance each month and let the other report a small balance each month (e.g. $10 to $20, but not more than 28% of the limit) before you pay it off.
3. You apparently have something negative in your reports. You can send the bureaus verification letters, which sometimes accelerate the bureau's dropping a negative.
