New Delhi, Jan. 28 -- Credit cards today are the essential tools for managing funds, making purchases, and building good credit. But your credit score is an essential component of determining your credit-worthiness when you apply to a credit card place. Credit ratings and how they influence your credit card experience are elaborately discussed here.

Banks and other financial institutions issue credit cards, which are a payment tool that allows you to borrow money for purchases. The issuer of a credit card essentially lends you money, which you then have to repay within a predetermined time frame - usually with interest added on top.

Your credit score is a three-digit number that ranges from 300 to 900 and serves to state your creditwort...