How to build your credit score?

If you are just starting your credit journey, there are several simple ways you can safely and steadily build credit. Depending on your current financial situation, you can choose the best-suited way for you.
Apply for a secured credit card: This option can be used if you have some kind of financial security because these credit cards need you to pay a security deposit upfront which also doubles up as your credit limit.
Become an authorized user on someone else’s credit card: This is a good option if you don’t want to pay any fees, but still build credit through credit card purchases and on-time payments. This is usually a good option for people over 18 who are just starting out and have parents or relatives who can help out.
Use rent and other utility payments to build credit: Another option that does not require you to spend any extra money other than what you already do. Some external services report on-time payments of rent, phone, and other utility bills to credit bureaus which can boost your credit score.
Get a credit builder loan: Credit builder loans are great if you want to start saving money while you build credit. Payments towards these loans (an amount usually decided by the company that could range from $200-$500) are reported as credit payments but the money is stored in an account and released to you only after the loan is repaid.