Credit Utilization Query | CIBIL

Yes, it might impact the credit score. Keep each card utilisation below 25-30%

No impact. Cumulative utilisation should be under 30%

flash007 wrote:

Yes, it might impact the credit score. Keep each card utilisation below 25-30%

No,it won't. For cibil score, total credit utilization matters(aka total of all cards limits) & even then the drop is of 4-5 points & temporary.

guest_999 wrote:
No,it won't. For cibil score, total credit utilization matters(aka total of all cards limits) & even then the drop is of 4-5 points & temporary.

For me, it dropped 6 points when 1 card is exceeded 25%,

Even though the other HDFC card was having 5L card unused.

flash007 wrote:

For me, it dropped 6 points when 1 card is exceeded 25%,

Even though the other HDFC card was having 5L card unused.

You didn't know that hdfc used to not report the card limit to cibil(now changed it just 1-2 months back I think & start reporting card limit) so having 1 hdfc card & 1 other bank card means cibil only saw credit utilization ratio on your non hdfc card.

guest_999 wrote:
You didn't know that hdfc used to not report the card limit to cibil(now changed it just 1-2 months back I think & start reporting card limit) so having 1 hdfc card & 1 other bank card means cibil only saw credit utilization ratio on your non hdfc card.

It happened after limit was updated in cibil

flash007 wrote:

It happened after limit was updated in cibil

Not in my case. having HDFC cc and used 90% of its limit, but didn't drop cibil. overall limit of having ccs matters.

What if we pay the 100% usage bill immediately before reporting?

urmila.contact wrote:

What if we pay the 100% usage bill immediately before reporting?

Do you mean, before bill generation date?

akone wrote:
Do you mean, before bill generation date?

Yes, right

urmila.contact wrote:
Yes, right

then No impact on cibil
But it's better to have some outstanding at least 3%, so that there will be some credit activity

akone wrote:
Do you mean, before bill generation date?

Banks usually reports to cibil every 45-50 days. They usually consider amount in the bill, even you paid immediately doesnot matter.

akone wrote:
then No impact on cibil
But it's better to have some outstanding at least 3%, so that there will be some credit activity

Cibil score refresh happens once banks reports updation.untill unless banks doesnt refresh there is no chnge in score and banks doesnt report real time.