New Delhi, Feb. 10 -- Using a credit card affects yourcredit score in a number of ways. The factors which determine your score include the payment history, credit utilisation ratio and the length of credit history, among others.

1.The payment history: When you make payment on time, it boosts your score. When the payments are late or missed, they hurt significantly. You can set up automatic payments or reminders to never miss a due date.

2. Credit utilisation: This refers to the portion of credit that you are using.

You are supposed to keepcredit utilisation below 30 per cent. For example, if your total credit limit is Rs.10 lakh, you should try to keep your balance below Rs.3 lakh. You should pay your balance multiple times a month or ...