Credit score basics: what moves it and what does not

A credit score summarises how reliably you have repaid borrowing. It affects the rates you are offered and sometimes whether you are approved at all.

1. Payment history matters most

Paying on or before the due date, every time, is the single biggest factor. A missed payment can stay on your record for a long time.

2. Keep utilisation low

Using a small share of your card limit looks healthier than using nearly all of it. Many people aim to stay well below the limit.

3. Age of accounts helps

A long record of well-managed credit helps, so think twice before closing your oldest card.

4. Avoid many applications in a short time

Each application usually triggers an enquiry. A burst of them can lower your score.

5. Check your report

Review your credit report at least once a year for errors and unfamiliar accounts, and dispute mistakes with the bureau.