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Credit Card Applications » Questions » User Questions » Build Credit History » I am in my 20’s, I want to start building credit. I’m not sure where to start....

I am in my 20’s, I want to start building credit. I’m not sure where to start. Not an avid shopper but I do spend plenty on gas and restaurants. Car insurance, gym membership and subscriptions are a monthly expense. Not sure where my credit stands either. What do you advise?

Answered on
The content is accurate at the time of publication and is subject to change.

First, you can check if there is a credit report in your name with any of the major credit bureaus – TransUnion, Equifax, and Experian. If you receive reports, read them to make sure all information (especially your personal information) is correct. Any error can be disputed with credit bureaus directly.

After that you can apply for a credit card to start building your credit. We would recommend getting a secured credit card as they are designed for those who want to establish their credit. For example, you may like the Discover it® Secured card based on your expenses. This card will allow you to earn up to 2% cash back at gas stations and restaurants and 1% cash back on all other purchases. Please note that this card requires a security deposit which should be paid when you are approved for the card. The minimum security deposit is usually around $200 and it will get you an equal line of credit.

Since you are starting your credit, make sure you are always on-time with all credit card monthly payments. Try to never miss or be late with a single payment, it will help you to build good credit record. Also, try not to use more than 30% of available credit. Ideally, you would want your card balance to be below 10% of available credit or paid off each month. This will allow you to build good credit history from the start.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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