Boost your credit score - In today’s world, banks rely heavily on credit scores and credit reports to estimate the credit worthiness of a customer. How does paying off your credit card dues early help in boosting your credit score? Any credit card bill payment made in advance or by the due date will help keep your credit score up. If you earn Rs.50,000 and have a credit card bill of Rs.10,000, then your debt-to-income ratio will be 20%. If you are looking to get another credit card, before you apply online for a credit card , you should always make a budget to see if you can afford it.

Source: dna February 27, 2018 05:03 UTC