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8 Strategies on How to Build Credit Fast for Beginners

Having strong credit can make your financial life easier. With a high credit score, you usually have your pick of the best loan offers with low interest rates and a higher chance of approval. Plus, you can qualify for rewards credit cards that help you earn cash back and travel points.

But what if you’re just starting your credit journey or need to correct past missteps to get your credit in a better spot? Is there a fast way to increase your score, especially if you’re ready to take out a loan for a big step like buying a house, planning a wedding, going to school, or starting a family?

Below, we’ll discuss how to build credit fast for beginners, including steps like making on-time bill payments and getting a secured credit card.

Tips for building credit fast: A complete guide

You may know how to improve your credit score over time, but what if you’re on a tight schedule? Here are the eight best ways to build credit in a short amount of time:

1. Review your credit reports

The first step to improving your credit score lightning-fast is making sure creditors have the correct information. It’s possible that errors on your credit reports could be bringing your score down.

Get a free copy of your credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – and thoroughly review the reports for errors.

You might see credit accounts you don’t recognize (a sign of credit card fraud), incorrectly reported late payments, or misreported numbers, like an incorrect loan balance.

You can also see if you have any collections accounts on your credit report and take action to remove them. If the collections account represents an error, gather your evidence (bank statements and account statements, for instance) and follow the credit bureau’s process for disputes.

Even if the collections account is correct – but you’ve since repaid the debt – you may be able to ask the creditor for a “goodwill deletion.” The creditor will review this request and can decide if they will remove the collections account from your report.

Not sure where to start? Here’s how to read a credit report.

2. Become an authorized user

Becoming an authorized user on a credit card is one of the fastest ways to build credit. A trusted family member or friend can add you as a user to their card. Their responsible usage – low credit utilization and on-time payments – reflects on your credit report.

That means you can demonstrate responsible credit card management without opening a credit card yourself. That’s helpful if you’re aiming for a quick credit jump – opening a credit card on your own temporarily lowers your score.

Bear in mind that becoming an authorized user means you have the potential to affect someone else’s finances. You’ll get your own card to swipe as you please, but the primary account holder is responsible for the payments.

Be respectful as an authorized user. Ask before using the card, and pay your loved one back right away.

3. Use a secured credit card

secured credit card may be the best path forward if you don’t have an established credit history or are trying to rebound from bad credit.

Secured credit cards are designed for borrowers with poor credit (or no credit at all). Many don’t even require credit checks. You’ll typically need to make a small security deposit as collateral, and then you can use the credit card for everyday purchases.

Secured cards often have a low credit limit to keep you from overspending. Pay off the secured card every billing cycle, and you should see improvements in your credit score in a matter of months.

Here are seven of the best credit cards to build credit.

4. Pay your bills on time

Payment history accounts for 35% of your FICO® credit score.1,† That means on-time payments impact your credit more than any other factor.

If you have late payments on your credit report, you won’t be able to get those removed (unless they’re an error). But you can commit to no more late payments going forward.

Prioritize paying your rent or mortgage, car loan, student loans, and credit card bills on time every month. If you have other monthly payments, like a personal loan, add those payment dates to your calendar, too.

You can set up autopay for certain accounts so you never miss a payment, but ensure your checking account has enough money to avoid overdraft fees if your account charges them.

If you’re overwhelmed by all the different payment dates, especially if you’re juggling multiple credit card debts, consider a debt consolidation loan or a balance transfer credit card to streamline your payment process.

5. Reduce your credit utilization

Credit utilization – the amount of available credit that you’ve actually borrowed – also has an impact on your credit score (30%).1 By reducing how much of your available credit you borrow, you can lower your credit utilization and raise your credit score.

Here are two simple ways to reduce your credit utilization:

  1. Pay down existing balances without taking on new debt.
  2. Only use your credit card for a few monthly purchases and pay it off in full that same month.

6. Treat your credit card like a debit card

When you swipe a debit card, the money is taken from your checking account. You typically can’t complete the transaction if you don’t have the necessary funds.

With a credit card, however, you can swipe freely (up to your credit limit), even if you don’t have the money in a bank account. You have to be vigilant: if you can’t afford to pay off your card in full, you’ll begin to carry a balance.

This means you’ll start accruing high-interest credit card debt, and your credit utilization will be higher than if you’d paid off the card in full.

Instead, treat the credit card like a debit card. Only use it for purchases you can afford and pay it off each month.

7. Ask for a higher credit limit

Getting a higher credit limit – but not spending more than you would’ve before – is a great way to reduce your credit utilization. High credit limits also signal to other creditors that you’re a trustworthy borrower.

There’s a caveat, though. Some credit card companies may perform a hard inquiry on your credit report when you ask for an increase, temporarily lowering your score.2 Ask your creditor about their process and rethink this strategy if they say they’ll do a hard credit pull before upping your credit limit.

8. Don’t close old credit cards

Having older credit accounts increases your average age of credit, another factor that goes into your credit score makeup.1 By keeping old credit cards open, you’ll maintain a higher credit age.

Keeping cards open may not be the fastest way to build credit, but closing them quickly lowers your score.

Some creditors may close cards after long periods of inactivity, so consider swiping your card once or twice a year to buy something small, like a pack of gum, and then pay it off right away.

Chime Tip: If a credit card has a high annual fee you’re struggling to pay, closing the card may make more sense, even if it does mean a minor dip in your score.

Start building credit with the secured Chime Credit Builder Visa® Credit Card – no credit check required.*

Ways to improve your credit score gradually

We’ve walked you through how to build credit fast for beginners, but for the most part, improving your credit takes time. Here’s how to improve your credit score gradually:

1. Pay your bills on time

Yep, that’s right. Paying your bills on time is necessary for both quick credit boosts and gradual increases. Remember, on-time payments are the number one factor FICO uses to calculate your score.

That means you’ll need to get on a schedule for on-time payments – and stick to it.

2. Keep your balances low

Credit utilization is the second-biggest factor used in FICO credit score calculations (and third-biggest for VantageScore®). So, while getting your balances low can improve your credit score quickly, you’ll need to keep balances low for more gradual improvements over time.

3. Minimize the frequency of credit inquiries

This one is tricky: Over time, you’ll want to add more sources of credit (credit cards, auto loans, a mortgage) to diversify your credit mix – another credit score factor.1 But whenever you open a new credit account, you get a hard inquiry on your report, reducing your score.

While you want to minimize the frequency of credit inquiries, their impact is small and temporary – generally a five-point reduction for roughly a year.3 Responsible credit usage with the new account you open, on the other hand, could have a much greater, longer-lasting, positive impact.

Just be strategic about your credit inquiries. Space them out by several months, and don’t apply for multiple lines of credit at a time.

Chime Tip: See if you’re pre-qualified for a loan before applying. If you’re rejected, you won’t get a hard inquiry on your report, and you can work on improving your credit before actually applying.

4. Gradually expand your credit card collection

The more credit cards in your wallet, the higher your overall credit limit. If you don’t use those cards too often and pay them off each month, you’ll keep your utilization low. Smart credit habits will have a significant impact on your credit score.

Don’t try to open multiple cards at once. Instead, slowly build your credit card collection over several years – and only if you’ve demonstrated to yourself that you can be a responsible credit card user.

Once your credit score is strong enough, you can graduate from secured cards to traditional cards to rewards cards. You could start earning cash back or travel points just for everyday spending.

Credit where credit is due

Building credit takes time. While we’ve outlined a few habits to improve your credit score faster – like disputing credit report errors and becoming an authorized user – remember that it’s a process. Celebrate the little victories on the way, and stay focused for the long haul. In time, you’ll have your credit score in a healthier spot, making financing life’s bigger purchases easier.

Ready to start your credit journey with a card like Credit Builder? Here’s how Credit Builder can help build you credit.


Still have questions about the best ways to build credit fast as a beginner? We’ve got answers.

How quickly can you improve your credit?

Improving your credit score takes about 30 to 45 days, even when you use some of the fastest ways to build credit, like becoming an authorized user and disputing errors on your credit report. That’s because your credit score may only update once a month, so all that hard work you’re doing now needs a little time to be reflected on your report.

That said, you may be able to participate in a rapid rescore process with a lender to recalculate credit scores more often. This is typically a strategy you’d use in a time crunch, like during a mortgage application in a hot housing market.4

How can I improve my credit score within a 30-day period?

To improve your score within 30 days, make on-time payments to all your accounts, pay down your balances as much as possible to reduce your credit utilization, and review your credit reports to dispute any errors.

If you don’t currently have a credit card, you can open a secured credit card to start building credit. Look for a secured credit card without a credit check to avoid the temporary dip in your score from a hard inquiry.

Alternatively, ask a friend or family member to add you as an authorized user to their credit card to see a fast improvement in your score. Just make sure they are a responsible credit card user.

What’s the fastest way to build credit?

One of the fastest ways to build credit is to get added as an authorized user to someone else’s credit card, as long as they’re a responsible credit card user. At the same time, focus on making on-time payments for all your accounts and reducing your credit utilization by paying down your debts as much as possible.

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

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*To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

† FICO® Scores are developed by Fair Isaac Corporation. The FICO Score provided by, Inc., also referred to as Experian Consumer Services ("ECS"), in Experian CreditWorks℠, Credit Tracker℠ and/or your free Experian membership (as applicable) is based on FICO Score 8, unless otherwise noted. Many but not all lenders use FICO Score 8. In addition to the FICO Score 8, ECS may offer and provide other base or industry-specific FICO Scores (such as FICO Auto Scores and FICO Bankcard Scores). The other FICO Scores made available are calculated from versions of the base and industry-specific FICO Score models. There are many different credit scoring models that can give a different assessment of your credit rating and relative risk (risk of default) for the same credit report. Your lender or insurer may use a different FICO Score than FICO Score 8 or such other base or industry-specific FICO Score, or another type of credit score altogether. Just remember that your credit rating is often the same even if the number is not. For some consumers, however, the credit rating of FICO Score 8 (or other FICO Score) could vary from the score used by your lender. The statement that "90% of top lenders use FICO Scores" is based on a third-party study of all versions of FICO Scores sold to lenders, including but not limited to scores based on FICO Score 8. Base FICO Scores (including the FICO Score 8) range from 300 to 850. Industry-specific FICO Scores range from 250-900. Higher scores represent a greater likelihood that you'll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower FICO Score indicates to lenders that you may be a higher credit risk. There are three different major credit reporting agencies — the Experian credit bureau, TransUnion® and Equifax® — that maintain a record of your credit history known as your credit report. Your FICO Score is based on the information in your credit report at the time it is requested. Your credit report information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your FICO Score can vary if the information they have on file for you is different. Since the information in your report can change over time, your FICO Score may also change.Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn More

1 Information from myFico's “What's in my FICO Scores?" as of October 13, 2023:

2 Information from Capital One's “Do credit limit increases hurt your credit score?" as of October 13, 2023:

3 Information from Experian's “What Is a Hard Inquiry and How Does It Affect Credit?" as of October 13, 2023:

4 Information from Equifax's “How to Raise Your Credit Scores Fast," as of October 13, 2023:

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