Owing a credit card can prove to be beneficial to a great extent. You can make all your payments easily and conveniently with the help of this small card. It’s very important to know your credit score and understand it completely. Credit score is an important indicator of your financial health. Your credit score can either haunt you or reward you. It all depends on how you handle your credit and payment activities. Having a good credit score can save you hundreds, if not thousands of dollars of interest by paying your balances each month.