does credit card affect cibil score

Yes, your credit card usage significantly affects your CIBIL Score, which is a measure of your creditworthiness to lenders.

• Timely and full payment of your credit card bills is the most important factor, holding a 35% weightage on your score. Late or minimum payments can harm it.
• Maintaining a Credit Utilisation Ratio (the amount used versus the total limit) below 30% is crucial for a healthy score.
• The length of your credit history also matters; keeping older credit card accounts open can be beneficial.