Outlook Money
A strong credit score can improve your chances of getting loans, better interest rates and higher credit limits. These five smart credit card habits can help.
Paying your credit card bill on time is one of the biggest factors affecting your credit score. Consistent repayments reflect responsible financial behaviour.
Avoid using too much of your available credit. Keeping utilisation below 30 per cent shows lenders that you manage credit responsibly.
Multiple loan or credit card applications within a short period can lower your score. Apply only when necessary and after checking eligibility.
Regularly reviewing your credit report can help identify errors or suspicious activity before they affect your creditworthiness.
If you're unable to get a regular credit card, a secured card backed by a fixed deposit can help establish your credit history.
Building a healthy credit score is a gradual process. Consistency, discipline and smart credit card usage can deliver long-term financial benefits.