So you want to avoid credit cards, eh?
Honestly, when you realize that a credit card is just a little plastic card with your name on it and an imprint of a banking institution you take away its power. Credit cards are not evil in and of themselves and really don’t have to be avoid like the plague if you can utilize discipline in your interaction with them.
Nonetheless, there are several ways you can build credit if you wish to stay clear of credit cards all together, but keep in mind that the best credit scores are comprised by successfully utilizing a mix of different credit types, including both revolving and installment accounts. The only way to build credit is to ensure that no matter what method you choose, the credit line is being reported to the three major credit bureaus. If not, you won’t be building credit; you’ll just be wasting time and possibly money.
Below are a few tips for building credit without conventional credit cards.