HomeLifestyleYou got the first credit card? Create credit score using it...

You got the first credit card? Create credit score using it now

Highlights

Choose credit cards wisely.
Pay bills on time.
Pay the bill in full.

New Delhi. The use of digital payment has increased in India. Along with the big cities of the country, the trend of credit card has increased in small towns as well. So are you thinking of getting your first credit card? You may be excited about its benefits, you should keep a few things in mind while using this product as it will be your first step in using credit and it will have an impact on getting easy access to credit in future.

A good credit score above 750 is considered
Lenders consider your credit report and credit score before giving a loan. Credit score is one of the important factors that determine your creditworthiness. A credit score ranges from 300 to 900, and anything above 750 is generally considered a good score.

Also read- IRCTC Rupay SBI Card: Up to 10% valueback on rail ticket booking, many benefits including railway lounge access

Savings account opened, now ask for card from your bank
The new generation today wants to establish a positive credit footprint and prudent credit planning can allow them to take advantage of lower interest rates on big-ticket loans like home loans in the long run. Credit cards are a great way to help you get started this way. Getting a credit card early in your professional career is always a good idea as it allows you to start your credit journey early and build a strong credit score over time.

One of the easiest ways for a first time credit card user to get a credit card is to visit the bank where you have a savings or salary account. In cases where the bank does not offer credit card products, they turn to other banks for assistance.

How to improve your CIBIL Score using Credit Card?
1. Credit cards help you track expenses.
2. Choose the appropriate credit card wisely
3. Pay bills on time.
4. Pay the bill in full.
5. Check your bill regularly.
6. Spend wisely.

Tags: business news in hindi, credit card

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments