John S Kiernan, Managing Editor
@John
Building credit is pretty much the same no matter what your credit score is or which particular credit card you happen to be using. The card’s issuer will report information about your account to the three major credit bureaus each month (usually when your monthly statement becomes available). If you pay your bill on time each month and avoid maxing out your credit limit, this information will be positive. And as your credit reports fill up with positive information, your credit score will rise.
You don’t even need to make purchases with your credit card to build credit. As long as you pay any annual or monthly fees your card may charge, you can simply lock it in a drawer and enjoy the benefits of an account classified as being in good standing.
For more information, check out WalletHub’s guide on how to build credit and tips for expediting the process.

HSBC Premier World Credit Card
Did we answer your question?