credit, how does it work Options

[Toyoca]

I just got an amex credit card. im new to having my own credit card. always went through my parents card (but it had my name on it w/e that means). i just got it cause i wanted to start building my credit. i dont completely know what that entails but i got one anyway lol. i basically just figured to get a car or house in the future i need credit so ppl will approve me. so is credit just using your card and paying bills on time? and if you do, you get a good credit score? is that basically it.

btw i got credit $2000. that sounds like a large amount to me given that i dont have that much a month lol. esp since i dont work right now. but sounds good to me lol. i just found it interesting cause my friends all started out with around 500 and i clearly didnt lol.

[quicknstyle]

dont just pay it off, but then again dont just pay the minimum amount... because more than likely, your interest rate is crazy high, so you would probably be paying about 25% of your payment to interest alone... only use your card for things you need for emergencies... keeps you from splurging money you dont have.... and yes, paying your card off everytime you use it doesnt help much, or atleast as much as paying the minimum on time everymonth... but then if you do that, you pay a crap load of your money to interest, i would reccomend doubling your payments, and get it paid off early, that would be the most effecient way.... and yes, inquiries do hurt your score, not by a lot, but it does... credit is about how responsible you appear to be... when you have too many inquiries, people think you are just trying to borrow and borrow and borrow, which can lead to risk... thats why now, for major purchases like houses and cars... anytime you have a credit inquiry within a 2 week time period, it only counts as 1 inquiry, so that when you shop 10 banks for a better approval, your not jacked with assloads of inquiries... one might have excellent credit, but if he/she has too many inquiries, your score will be jacked...i sell cars for a living and ive seen plenty of people with good overall credit but their inquiries drop them to like a 480....