Anonymous
Anonymous asked in Business & FinanceCredit · 5 years ago

Can i build credit if i use my credit card at only one place ?

I only use my credit card at Amazon and i pay the bill 1 week before its due LMFAO should i use it at other places like walmart and nike etc ? also can i buy groceries with it ?

7 Answers

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  • Dan B
    Lv 7
    5 years ago
    Favorite Answer

    For the most part, where you use your credit card has no bearing on your score. HOWEVER, using your card excessively at casino ATM machines, topless bars, liquor stores, etc can be tracked by the CC issuer. So, excessive use at these types of establishments might impact your score because they can be interpreted as risky spending habits. How do they know where you use your card? Each type of merchant has a Merchant Category Code assigned by the credit card industry and the IRS. You'll see it on your itemized statement that says "MCC = XXXX". Airlines, hotels/motels, car rental agencies, grocery stores, liquor stores, casinos, hardware stores, gyms, banks & credit unions, doctors, hospitals, urgent care clinics, etc. You name it, that type of store, merchant or service provider has an MCC assigned to it; maybe even houses of ill repute are classed in some way.

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  • A
    Lv 7
    5 years ago

    if you want to build your credit pay it off in full every month, what is reported to the credit bureaus is the credit card company stating that you " paid on time-never late" or " late" defaulted. where you use it makes no difference, just pay it off each month by the due date

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  • 5 years ago

    Yes. And you build more credit if you use it less. You can buy groceries with it, but you'll build less credit by using it more.

    • SumDude
      Lv 7
      5 years agoReport

      So, if he uses it zero, he will build a ton of credit? {Sounds like bad logic to me; but my score is only in the 800's.}

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  • 5 years ago

    Yeah not a lot though

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  • Biff
    Lv 7
    5 years ago

    why are you LYFAO? it doesn't matter where you use it, just so long as you pay it on time

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  • R K
    Lv 7
    5 years ago

    it doesn't matter where you use it, just use it and make regular payments on it.

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  • 5 years ago

    Yes R K i am totally agree with you.

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