Two different ways a credit card can affect your scores.
Credit-card balances can affect utilization, while on-time payment history remains a separate scoring factor.
Reviewed July 16, 2026 · 1 minute read
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Credit-card balances can affect utilization, while on-time payment history remains a separate scoring factor.
A credit card is a payment card, usually issued by a bank, allowing the card's users to purchase goods and services, or withdraw cash on credit. Card use thereby accrues debt that must be repaid later. As of 2023, credit cards are one of the most widely used forms of payment in the world.
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