From time to time there’d be questions in the Telegram chat group about how credit cards affect one’s credit score, so perhaps it’d be useful to address this issue based on my experience. What is a credit report? A credit report in Singapore is issued by Credit Bureau Singapore, and it contains a score based on your credit history. You are given a risk grade between the best possible grade of AA to the worst of HH. There is also a score between 1,000 to 2,000 with 2,000 being the best possible score. The score or grade reflects the probability of default as assessed by your available credit data, and it changes from time to time. This report allows financial institutions like banks to decide whether to loan you money. Get a free credit report You can go to creditbureau.com.sg to purchase a credit report,...