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Credit cards are one of the most convenient modern financial tools. it makes it easy to purchase your favorite items now and pay for them later. Once considered a luxury, credit cards have now become a necessity. India is a fast-growing market for credit cards with millions of citizens already holding at least one credit card and actively using it. The boost for the digital economy is another contributing factor to the increase in the issue and use of credit cards.
Credit cards are issued by the banks to their customers based on their risk evaluation and after reviewing their credit profile. The credit score is the single most crucial factor that determines your eligibility for a credit card. Besides the eligibility, the credit score also plays a crucial role in determining the credit limit sanctioned on the card.
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