India, Sept. 24 -- Key Takeaways

Your first salary gives you a regular income, but if you have never used a credit card or taken a loan, you likely don't have an established credit history. Building one starts with using credit responsibly and creating a consistent record of timely repayments.

For first-time earners, the right starting point is a manageable, accessible credit facility that doesn't require an existing credit history. An FD-backed credit card offers this option by using a fixed deposit as security while giving you a separate credit limit for eligible transactions.

Why Should First-Time Earners Start Building Credit?

A credit history gives lenders a record of how you have handled borrowed money. When you use credit and r...