- Posts: 1
- Joined: Tue Feb 28, 2012 2:43 pm
- Location: UK
I've recently successfully applied for a credit card which I couldn't do before because my credit score was poor (due to not having stable income).
I took getting a credit card as a sign that my credit score has improved and went to a bank to inquire about a personal loan. They said that they couldn't give it to me now, however I should be able to qualify for that soon.They've advised that I use my new credit card to build my credit score and improve it.
My question is simple - how to I use my credit card so that it would have maximum positive impact on my credit score? Should I cover the balance within the so called "grace period" before interest kicks in (25 days I believe) or should I let the bank have some interest deliberately by going over the grace period?