Nico likes to go shopping- Every time he goes to a new store, he fills out an application for a store credit card so that he can get a 20 percent discount on his purchases that day- Yesterday, when he was trying to buy a new car, the dealer turned down his credit request- Nico can't understand why, because he thought he had good credit- If you looked at his credit report, what is the most likely reason he was denied credit?

Wise ways to use a Credit card are:
Pay off your balance every month. 
Use the card for needs, not wants.
Never skip a payment. 
Use the credit card as a budgeting tool. 
Use a rewards card.
Stay under 30% of your total credit limit.