530 – How To Use Credit Cards to Boost Your Credit Score

How much do you really know about the impact of credit cards on your credit score?

Doug Hoyes and Ted Michalos bust common myths and reveal the true influence of credit cards on your financial health. Learn how credit scores work, get expert tips on managing your credit responsibly, and explore strategies to improve your credit standing. Whether you're new to building credit or refining your approach, these actionable insights will empower you to make smarter financial decisions.

Timestamps:

(1:00) – What’s more important than a credit score?

(6:00) – Breaking down the algorithm behind your credit score

(10:30) – Credit vs. Debt: Understanding utilization rates

(13:30) – Soft vs. hard credit inquiries—what you need to know

(15:20) – The right way to manage your credit card

(18:00) – Payment history is more important than you think

(21:00) – Financial stability tips