How To Build Your CIBIL Score By Using Credit Cards? Here's A Guide

Applying for a credit card or loan has become very easy in today's digital world. Financial institutions depend heavily on the CIBIL score to verify the eligibility of applicants before issuing a credit card or loan. Credit Cards And CIBIL Score While we understand that the CIBIL score is based on an individual’s credit history, it would be wrong to assume that having no credit history helps build the CIBIL score. Not only is a good CIBIL score needed to avail a credit card, a credit card can successfully help build a positive CIBIL score for an individual. Use Credit Cards Monthly If you have a credit card and don't use it even once in a month, it will still help increase your CIBIL score.