This common credit card myth could cost you

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If you are looking to improve your credit score, Schulz says to be aware that you cannot game the system. To improve your score, the best things you can do are simple: Pay your credit card bill on time and in full every month.

He said that credit is a “marathon, not a sprint.”

“If you focus on the big picture and understand that you’re playing a long game, you’re going to end up doing the right thing,” Schulz said.

If you forget to pay bills on time, Schulz recommends setting up autopay for at least a portion of your bill.

“Because of technology, there’s really no excuse for being late for payments anymore,” Schulz said.



Source : CNBC