As stated before, honor rank allows u to wear better items, specifically, bracelets and earrings. the higher ur honor rank, the better the accesories u can equip. Another thing honor rank affects is ur stats, after attaining honor rank 11 u get titles that give u pretty nice boosts to ur stats (like dmg, critical resistance, critical rate, etc) The higher the honor rank, the better the boost u get from the title.
Now, to increase ur honor rank there are a wide array of option u've got, such as doing quests, nation war, using plates of honor, pvping, war channel (i'm not sure abt this last two tho... don't remember), an so on. But the best/easiest (in theory) is by doing Nation War, if u manage u score at least 30 points during war, u get points by attacking Legacy Guardians, attacking enemy players, etc. After attaining ur 30 points or more, u receive W.Exp (U can check ur W.Exp in ur Character screen [press the C kay]) keep in mind that the more point u manage to make, the more W.Exp u receive.
To increase ur honor rank using W.Exp, u must speak with Officer Morrison in Port Lux, he will give u the option to exchange ur W.Exp for honor points, experience, or skill experience (these last 2 are a waste).
Honor rank increases with honor points, the more honor points, the higher ur rank is. u start with 0 honor points and the mximum amount of honor points is 2.000.000.000 Honor. To see a chart describing how much honor points are needed for each rank or learn more about honor, go here:
Cabal Wiki: Honor Guide
Hope this helps
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