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curi0us4boutcr3dit

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building credit with a secured credit card
I am trying to build my credit with a secured credit card, I applied and got approved and put my deposit of $300.00. I have read advice about how to build your credit with secured credit cards and I know to use it regularly and to pay the bill as soon as I get it. But my question is what type of card use looks more responsible and builds your credit faster.

#1. If i used my card monthy for small purchases only using a portion of the $300.00 and then paying off the balance each month so each month I'm back at owing nothing until I use my card again. Or

#2. If I use my card whenever during the month, even possibly maxing it out and then paying whatever the monthly bill is, leaving a balance due on my card.

Does how you use your card even matter or is it more about as long as you pay your bill and don't miss payments?

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secured card

In 2011, my Chapter 13 bankruptcy was discharged.  My credit union offered a secured card with an extra proviso - that after 12 on-time monthly payments, they'd convert it to an unsecured card (which is what they did).  During that year, I made a number of small charges on the card each month - paying off the entire balance when I received the invoice (not waiting for the due date).  If the secured card is your only card, you should never exceed a 30% utilization (that's $100 on a $300 card) in any given month.  Other than that, paying on-time is the key.

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