Is there any real way to build credit using the Apple iTunes card? The answer is no. But if you use it the right way, you can make improvements on your credit scores and maybe even lower them. That is unless you just blow through your limit. It is important to keep in mind that using this credit card is still a revolving line of credit and you can not just go out and buy everything you want.
So how do you build credit with the Apple iTunes card? The way you do this is by getting credit cards from a variety of places. Get a secured credit card from a bank or credit union and make payments on time. It is not advised to use your credit card to purchase things you can pay cash for. You are better off using this credit card to build credit.
Get a non secured credit card from a bank or other lender. Again, make sure you make all your payments on time. If you pay on time, they may report that to the credit bureaus. These cards often have zero interest but just be aware that the rate can go up if you don't use it properly. The credit limit will also be less since you do not have to put down any cash. This method of building credit is not advised for people with bad credit.
You can also look into prepaid credit cards. A lot of people use these because they can be used anywhere regular credit cards are accepted. They are good if you need quick cash but don't want to put any money down. They work just like the Apple cards but they are not reported to the credit bureaus. You must be over 18 to get one of these.
There are unsecured credit cards that are targeted at people who don't qualify for a traditional card. They usually come with a higher annual percentage rate but the advantage is that you do not have to worry about making any payments. This way if you are unable to make a payment, the company does not suffer.
Apple credit cards are great for those that need some fast credit and have had their checkbook lower than their income level. If you can make your payments on time, you will see a boost in your credit score. It is important that you take your time and build credit slowly so you do not make mistakes when you are trying to build credit. The more you do to improve your credit, the better off you will be.