It’s tax time—which means it’s also tax refund time for millions of Americans. (The IRS issued 111.9 million refunds averaging $2,895 each in 2017.) While it can be tempting to spend that extra dough on a vacation or a fancy new TV, consider using it in a way that will pay you back for years: by building up your credit.
Good credit scores can help you save thousands of dollars on big-ticket items like homes and cars, and also help you become eligible for the best credit cards that offer the lowest interest rates and most lucrative rewards.
Read on for three ways to boost your credit scores using your tax refund.