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I was approved for an unsecured credit card when I was only expecting to be able to get a secured one, when should I apply for a different one with better rewards or some other return input? (lemmy.world)

submitted 6 days ago* (last edited 6 days ago) by cheese_greater@lemmy.world to c/nostupidquestions@lemmy.ca

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Was honestlty unexpected but it seems banks still see some blood to squeeze from this freshly tumbled stone

I understand that regardless, I should keep it open and periodically use it

How long should I wait while just doing normal stuff with the current and always paying it off every month?

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[–] dingus@lemmy.world 1 points 4 days ago* (last edited 4 days ago)

Use your credit card exactly like a debit card. Pay off the balance each month. You won't be paying interest this way. This is very important. Don't treat a credit card like free money.

You want to use a certain amount of your credit line each month to build a history. But this is very important...do NOT let your statement balance be 50% or more of your credit line. It will actively hurt your credit. You want your statement balance to be more than zero, but still less than around 45% of your credit line.

I have seen my credit go up and down by doing or not doing these things.

I have never heard of a secured versus unsecured credit card before though. Why are you looking for one versus the other?