Today, a high credit score is more than a mere number; it is a gateway to financial opportunities. But what happens if you do not have a credit card? Is it still possible to build a solid credit profile? Certainly. There are several different but equally effective ways you can raise your credit score without ever using a credit card.
Factors influencing credit score
Before you begin using any methods, it is important to know what impacts your credit score:
In conclusion, you can develop a great credit history without ever using a credit card simply by managing your loans responsibly, being intentional with your borrowing decisions, and monitoring your credit.
Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
