New Delhi, March 20 -- Credit cards are a convenient way to make smart transactions while earning cashbacks and rewards on your favourite brands. The cards come with exclusive offers on shopping, hotel booking, entertainment and on your daily payments. Your credit score is important when you apply for a credit card as it is what is taken into consideration on whether or not you will be eligible to apply for the card.

The range of a credit score is from 300 to 900, and it is a numerical representation of an individual's creditworthiness. This score is used by financial institutions to determine the level of risk involved in extending financial aid to a person. A higher credit score indicates responsible credit behaviour and increasing the...