does credit card increase cibil score

Yes, a credit card can significantly increase your CIBIL Score, but only with responsible usage. Timely and full repayment of your balance is the most crucial factor. Mismanagement, such as missing payments, can quickly damage your score. Key factors for a positive impact include:

• Maintaining a low Credit Utilisation Ratio (ideally below 30%).
• Ensuring all payments are made on or before the due date.
• Building a long and positive credit history.