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Build up a good credit score by using credit cards.

So a lot of people wonder how you go about building up a good credit score?.

The reality is that it is a combination of hard work, and being laser focused on not being late with you payments.

Credit card.

So one of the best ways to build up your credit score when you are young and you have a lower paying job, is to use credit cards.

Some financial adviser refuse to accept that this is a really good way of building up your credit score.

But the risk here is that you should not treat the credit card as free money, you should only use it to pay for your normal monthly costs that you would normally pay otherwise cash or with a debit card.

So the way you use credit cards is to apply for 5 different once when you turn 18.

And always do your own research on the different cash back offers from different credit cards companies.

So usually take the cashback offer rather than loyalty points, these points have a tendency to get worth less for each year that goes by.

We usually recommend that you take out between 1000 to 2000 dollars in credit per card.

So a total sum of 5.000- 10.000 dollars, divided up on five different cards.

The important thing is that you have at least two jobs prior to you taking out the credit cards.


Taking on debt is always a risk and you should be very careful when entering into debt.

So our recommendation is that you always pay your credit card bill in full each month.

And If you have five different cards use them like one card per month.

So let us say that you normally buy gasoline and grocery’s and other items for 1000 dollars a month, then use one card per month and pay your bills in full every time.

Using credit cards as an emergency fund?.

And When you are young, you have not been able to gather a lot of money into your emergency fund.

So sometimes these credit cards can come in handy if your pet get sick or you have to visit an emergency care clinic for instance.

But be very disciplined when you take out credit cards.

This is not free money, this is money that you need to pay BACK from your own BANK account each month.

Take care out there.


It is never too late to learn.

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