Will a store credit card help build my thin credit file?

Dear Keeping Score,

I recently opened a credit card account with a bank. This is my first credit card ever, and I have no record before this. However, my aunts say store credit is very helpful as well. Will opening a store credit card right now affect me or should I just wait to get another card? – Adolfo

Dear Adolfo,

Congratulations on your first credit card. This is a big step and one that can certainly help you live a full and financially successful life. However, a word of caution here – credit can also hurt you if you are not careful.

 

Source:- creditcards

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