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Building credit history can be tricky and it may take a while before you see results. But, with time, effort, and responsible financial choices, you can build an excellent credit history.

Here are a few steps that you can take to get the ball rolling on your credit.

>> Call OE Federal Credit Union

If you’re not a member, we encourage you to apply for a membership online so that you can start to build your credit with OE Federal.

>> Open a secured credit card

A Visa STEEL secured credit card is another great option that we offer to build credit. A secured credit card is not a long-term solution, but it makes a great first credit card since almost anyone can qualify.

This credit card requires you to make a deposit before you can open a credit line in that same amount. OE Federal will hold this deposit as collateral in case of a missed payment. After a set amount of time, you will get your deposit back if there is no outstanding balance on your card. You can then close your account and open an unsecured credit card.

>> Use your cards responsibly

It’s not enough to have credit cards open in your name; you need to use them, too. You’ll have to be careful to spend just a bit each month and keep your credit usage at less than 30%. You’ll also have to be vigilant about paying your bill in full and on time each month.

>> Become an authorized user

If you have a family member or partner who has an excellent credit score and an OE Federal Visa STEEL credit card, ask them about making you an authorized user on their card. This will add the card’s payment history to your growing credit file and can significantly increase your score. Keep in mind that any time you use the card, the primary account holder will be responsible for paying the bill.