New to Credit? You’re Note Alone!

Starting out with no credit history can feel confusing, but it doesn’t have to be. Think of your credit score as a trust score that you build over time by showing you can manage money responsibly. Whether you’re a student, recent graduate, or just starting your financial journey, start building credit with Splendi, today.

4 Easy Ways to Start Building Credit

1. Open a Store Account or Starter Credit Card

Retail accounts or entry-level credit cards (with low limits) are a good place to begin. They’re easier to qualify for than big loans.

Tip: Only spend what you can afford to repay each month.

2. Pay On Time, Every Time

Your payment history is one of the biggest factors in your credit score. One late payment can set you back.

Tip: Use debit orders or calendar reminders to stay on track.

3. Keep Your Balance Low

Using too much of your available credit can hurt your score. Aim to keep your usage below 30% of your limit.

Example: If your limit is R2,000, try not to owe more than R600 at any time.

4. Check Your Credit Profile Regularly

Even if you’re new to credit, it’s important to keep an eye on your profile. This helps you spot progress, errors, or fraud early.

Good to know: You can check your profile anytime with Splendi, for free.

Build Smart, Start Early

Your credit journey is a marathon, not a sprint. By starting with small, smart steps today, you’ll set yourself up for big wins in the future, like getting a car, home loan, or even a business loan.

Take the first step now. Log in to Splendi and start tracking your credit profile today.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Splendi does not provide personalised financial, investment, legal, or tax advice. Always consult with a qualified financial advisor for guidance tailored to your individual circumstances.