Credit Cards and Your Credit Score: What You Have to Know

Navigating the world of credit can usually appear like a fancy puzzle, especially when it involves understanding how credit cards affect your credit score. Your credit score is a crucial monetary parameter that lenders use to determine your creditworthiness. From getting approved for loan applications to securing favorable interest rates, your credit score plays a fundamental role. In this article, we will explore how credit cards impact your credit score, what you are able to do to manage it, and debunk some common myths.Your credit score is influenced by several factors, including your credit card usage. Listed below are the…