New Delhi, Aug. 27 -- Efficient credit card management can either boost or bust your credit profile. This may negatively impact your credit score. A high credit score is a crucial factor in accessing loans and financial products nationwide.

Understanding and acknowledging how credit card activity influences your credit score is critical for maintaining a healthy financial profile. Credit cards can be referred to as credit tools that help provide users with credit lines, i.e., ways to borrow and then repay within the stipulated time. That is why their prudent management and timely payment of credit card bills are vital for sustaining a strong borrowing profile.

1. Stay on top of payment history: Payment history is the most powerful and i...