Paying your credit card on time is one of the most important factors in maintaining a good credit score. According to FICO, your payment history has a direct impact on how financial institutions evaluate your behavior and reliability.
When you make your payments on time, you show that you can manage credit responsibly. This helps protect your score and improve your chances of accessing better financial terms in the future, such as lower interest rates or more credit options.
Although there are other factors that influence your score, paying on time is a key foundation for building and maintaining a healthy credit history.
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