Obtaining a credit card is one way to build credit. When card balances are paid off regularly over a period of time, it is reported to bureaus that you are making the payments and it reflects positively on your rating. Similarly, putting a rental property lease and bills in your name will help generate a financial history. Making on-time bill and rent payments provides you with a history of payments and can help to establish you as a creditworthy borrower. Furthermore, it can be beneficial to apply for a card with a specific business where you already regularly spend money, such as a department store or gas station, and use the discounts and spending to your benefit while building a history of consistent, on-time payments.
Once a good record of borrowing and repayment is established, it is important to maintain the score by limiting credit card spending, never overspending when a payment cannot be made on the transaction, and by maintaining a simple routine of always paying debts as they arise.