u/wildcats5200

I just got a new credit card that I’m planning to use strictly for my car insurance. I’m going to set it up on autopay and hopefully use it to help build my credit.

I’m currently around a 630 and really trying to get into the 700s.

My question is: when should I actually make the payment? ChatGPT is telling me to pay the balance in full before the statement date, but I’m not exactly sure what the statement date means or when that is.

Is that the best way to use the card to build credit, or is there a better strategy?

Any advice would be appreciated!

I’m sure this has been asked a million times, but can someone explain Chime Credit Builder to me like I’m 5?

I’d love to build my credit, but I only want to carry one card. I don’t want to have to think about whether I’m making a “credit” or “debit” purchase—I just want to spend the money that’s already in my account like I always do.

Can I use just the Chime Credit Builder card for everything and still build my credit, or am I misunderstanding how it works? Sorry if this is a dumb question, I’m just trying to keep it simple.