New Delhi, May 29 -- In today's financial world, having a good credit score is important for loan opportunities, high-interest rates, and reaching financial goals. It is important to note that when used responsibly, credit cards can be very effective to help you build and better your credit. This is a long and detailed example of how to use credit cards responsibly, however, the bottom line is that you must establish a responsible credit practice to help improve your credit.

Your payment history is a big factor in determining your credit score. Paying on time, or even early, on your credit card bill each month is a good way to show that you are a responsible consumer and assist in a better credit score.

Try to keep this ratio lower than...