Using a credit card has its advantages and disadvantages. Using it less than your credit limit and paying full on time can build a positive credit report. However, credit card charges high-interest rates and can quickly snowball your debt If not managed properly. As long as it is used wisely, a credit card can build your credit score, thus increasing your chances of approval for a loan for your future home or business. Building good credit takes time and smart financial habits.
Source: https://www.businessinsider.com/personal-finance/how-to-build-credit-with-a-credit-card-steps
