New to the credit card scene? Read through our simple strategies to grow your credit score today.

Pay your bill on time. 
Building good credit can be as easy as paying your monthly bills when they’re due (late payments can stay on your credit report for up to seven years). With the   (opens in a new window)President's Choice Financial® Mastercard®, you can set up pre-authorized debit payments from your bank account so either the minimum credit card payment due or the full statement balance amount will automatically come out of your account the day your payment is due each month.

Know Your Limits. 
Just because your credit limit is high, doesn’t mean it should be reached each month. Your credit score factors in how much of your available credit you’re actually using. Make a budget to figure out how much you can afford to spend each month, and try to use no more than 25% of your available credit each month.

Check Your Statements. 
Make it a habit to review your monthly credit card statements. It’s good to make sure there are no unauthorized purchases (which could be a sign of credit card fraud) and it helps you assess your spending patterns.

Get the Results. 
Once a year, you can get your credit report through Equifax Canada or TransUnion Canada for free. You can also receive your credit score for a small fee. An ideal score is 600 or higher, but above 750 means you’re a credit card rock star.