Does a credit card affect my credit score?Having a credit card itself doesn’t affect your credit score but how much you borrow and how well you pay off your credit card, or credit cards, every month will reflect on your credit score.
Your credit card company will share details of your account activity with credit reference agencies. This allows them to update your credit score.
This then allows other lenders to determine your ‘creditworthiness and decide how much of a risk it is to let you borrow money from them.
It’ll also be noted on your credit report. This shows your credit history, including how much you owe, how many payments you’ve made, if you’ve missed any payments and details of your credit limit.