Can credit cards be used to build your credit score?
Using and managing a credit card well may, over time, improve your overall credit score.
Improving your credit score with a credit card
Using a credit card and making regular payments, can help to demonstrate how responsibly you manage credit accounts. It could help your credit score to:
How a credit card could damage your credit score
To protect your credit score, it’s important to use and manage credit cards carefully.
Many factors influence your credit score
The way you use and manage a credit card is just one factor which could impact your credit score.
Others include being on the electoral register, how often you move home and change your address, how well you manage household bills, and even the credit history of someone you have joint accounts with.