listed down some of the important reasons due to which you must maintain a good credit score: improves your eligibility for loans: a good credit score improves your eligibility to get a loan faster. a good credit score means that you pay the bills or outstanding amount timely that leaves a good impression of yours on the banks or other financial institutions where you have applied for a loan. quicker loan approvals: applicants with a good credit score and long credit history are offered pre-approved loans. moreover, the loan that you have applied for gets approved quickly and processing time is zero. lower interest rate: with a good credit score, you can enjoy the benefit of a lower rate of interest on the loan amount that you have applied for. credit cards with attractive benefits- you are offered credit cards with attractive benefits and rewards if you have a healthy credit score. higher credit card limits: a good credit score not only gets you the best of credit cards with attractive benefits or lower rate of interest on the loan you have applied for but also you are eligible for getting a higher loan amount. a good credit score means that you are capable of handling the credit in the best possible manner, therefore, banks or financial institutions will consider offering you a credit card with a higher limit.