I had a question regarding building credit. I have no past credit history, and just opened a secured card with a $200 credit to help me build mine (yes, it reports to all 3 bureaus). I currently have no use for credit, but would like to build it in case I want to buy a house somewhere down the road.
I've read that I should be keeping my debt below 25-30% of my credit, which is no problem. I am curious, however, if it makes a difference how much debt I keep, below that threshold (as long as I'm paying on time obviously). Is there any difference between my spending $0.10 a month vs closer to that $50-60? Should I spend nothing, to keep my balance at a constant 0? I'm curious what the absolute best practice I can use on this card to build credit quickly is, as well as how quickly at that rate I should expect my credit to rise from no history.
Advice appreciated!
