HDFC bank will report credit limit from May 2023
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Huge update - HDFC bank will start reporting the Total Credit Limit instead of Utilized Limit to cibil from May 2023
Clear pic - https://ibb.co/k...V7
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Wrong title.
Hdfc was always reporting sanctioned limit since the beginning. This is not total credit limit, which they never report.
Sanctioned limit is your total amount used on card.
No bro. Read the mail again. They are saying that they reported highest utilization amount till now and will report the sanctioned limit from May which is the issued limit.
Just confirmed this with Infinia customer care. They confirmed the same.
Thanks man for double verification!
Probably , increase in your cibil score
Finally started showing in my CIBIL report today !!!
@Ramta_Jogi I guess now we can expect some minor increase in cibil points over time, which was getting capped because of this.
You know what... After sbi restarting my payment history of closed card... Now idfc has done the same. I am so getting fed up of all this.
Hdfc showing limit would increase score (5-10 points) but it would keep many new issuers (Amex) and bank loans away as they'd be now able to see the income to debt (or potential debt) ratio.
Received cibil update. Score up by 19 points.
1 point drop for me, from 801 to 800
No new cards, no enquiries after last update. Overall utilization was just 0.65%
Got just 3 points boost in cibil, I am fine with it, as long as I am high in the spectrum.
Whats confusing for me is I have 3 HDFC cards with a shared limit. All reporting same Credit Limit to CIBIL now. So it means my total limit will become multiplied by 3, while calculating cc to limit usage ratio.
Can confirm they reported it in latest cibil report.. 😄
Yes, it got reported
Is the credit limit showing up in OneScore?
Yes
These should have done this long back. Literally shouted at customer care to do this...
Surprisingly, No Change in CIBIL despite my card usage dropping from around 16% to less than 10% coz of HDFC limit.
Not relevant but Experian & Crif ratings have increased by 25 & 35 points respectively- all three have same rating of 774/775 (Experian was always less than 750 for me)
Hdfc credit limit showing in cibil now.
Check today.
Now the credit limit is getting reported correctly by HDFC.
And my CIBIL score is up by just 1 point.
Hd images?