Just like sunscreen protects your skin from the harsh summer sun, taking a few smart steps can help protect your credit score from unexpected damage. And just like a sunburn, credit damage can sneak up on you — but the effects can last much longer.
Whether you're building your credit from scratch or just want to keep things glowing, here’s your ultimate “financial sunscreen” guide to shield your score all year long.
1. Keep Your Credit Usage in Check
Your credit utilization ratio — how much credit you’re using compared to your total available — plays a big role in your score. Try to keep it below 30%.
Example: If you have a $1,000 credit limit, aim to carry a balance no higher than $300 at any given time.
Financial SPF Tip: Paying your credit card bill early (before the statement closes) can lower your reported balance and help your score stay healthy.
2. Pay On Time, Every Time
Payment history is the single biggest factor in your credit score. Even one missed or late payment can leave a lasting mark.
Set it and forget it: Use autopay or reminders to ensure you never miss a due date.
Financial SPF Tip: If you’re in a pinch, some lenders offer grace periods or hardship options. Communicate early to avoid a negative hit.
3. Limit Hard Inquiries
Applying for new credit cards or loans can cause a temporary dip in your score. Multiple applications in a short period may raise red flags to lenders.
Be strategic: Only apply for credit when you truly need it.
Financial SPF Tip: Checking your own credit score or getting pre-qualified offers doesn’t hurt your score — so feel free to monitor away.
4. Keep Old Accounts Open
Your credit history length also affects your score. Even if you don’t use that older card anymore, keeping it open can work in your favor — especially if it has no annual fee.
Good to know: Closing a credit card can raise your credit utilization and shorten your credit history at the same time.
Financial SPF Tip: Use older cards for small recurring expenses (like a streaming subscription) and pay them off monthly to keep them active.
5. Check Your Credit Report Regularly
Elevate members have access to SavvyMoney, where you can check on your credit penalty-free. No matter how you check though, keeping an eye on your report can help you catch fraud, errors, or forgotten accounts.
What to look for: Incorrect balances, unfamiliar accounts, or late payments you didn’t make.
Financial SPF Tip: Report any inaccuracies right away — a clean report keeps your score strong and safe.
Your credit score affects more than just loans — it can influence your ability to rent an apartment, set up utilities, and even get a job. Like applying sunscreen, these protective habits may seem small but add up to big protection over time.
Need help understanding or improving your credit score? Our team is here to help, judgment-free and ready to guide you toward brighter financial days.
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