How I'm Using a Credit Card to Build my Credit Score in New Zealand| Build Credit with a Credit Card 

I'm using my credit card to build credit in New Zealand. When I moved to New Zealand, I didn't have a credit score, I'm working to build that. Credit cards offer you the chance to build up a line of credit. This is important as it allows banks to view an active credit history, based on your card repayments and card usage. Banks and financial institutions often look to credit card usage as a way to gauge a potential loan applicant’s creditworthiness, making your credit card important for a future loans or rental applications.
How to Use Credit Cards to Your advantage: • How to use credit card...
How to Boost your Credit Score: • Video
Timestamps:
00:00 - Introduction
00:48 - Why are Credit Scores Important
01:22 - Benefits of having high credit score
02:12 - Why use credit card to build credit score?
03:16 - Credit Utilisation and Keeping it Low
04:55 - My credit card transactions
05:48 - Always pay Credit Card balance in full
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Disclaimer:
Some links are affiliate links to products. I may receive a commission for purchases made through these links. However, this does not impact my reviews and comparisons. I only suggest products I’ve reviewed, and also use, in order to help you make the best choices.
All information in the video is merely for educational and informational purposes. It is not intended as a substitute for professional advice.