ICICI bank has reported incorrect credit limit of my card.

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Deal Cadet
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Upon checking CIBIL score, I found that ICICI has reported very less credit limit of my platinum card. My actual credit limit is 45K, but reported Rs16249. Seems like ICICI employers high while reporting details to credit bureau agencies. I have raised a complaint regarding it, a week before still not change in limit. https://cdn0.desidime.com/attachments/photos/663892/medium/Screenshot_2021-02-06-19-30-30-265_com.mywish.wishfin.view.jpg?1612620093



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ICICI might have not reported Credit Limit, would have reported Max Credit Utilization – same as of HDFC

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They do report d max utilisation.. my ICICI Platinum limi is 9k but my highest utilisation was 2668.. So now they r reporting as max utilisation..

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Off topic.. which app screenshot it is?

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What I do for these type of situation is Max out the credit limit for 1 billing cycle

after that just use 30%

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refer_code wrote:

ICICI might have not reported Credit Limit, would have reported Max Credit Utilization – same as of HDFC

You are right, I fetch my credit card from CIBIL, what I saw that ICICI have not reported total credit limit just highest credit utilization. Is it OK to ignore or should I request to ICICI to report total credit limit.

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Mufasa wrote:

You are right, I fetch my credit card from CIBIL, what I saw that ICICI have not reported total credit limit just highest credit utilization. Is it OK to ignore or should I request to ICICI to report total credit limit.

Its on their discretion and not mandatory as per Regulatory bodies

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refer_code wrote:

ICICI might have not reported Credit Limit, would have reported Max Credit Utilization – same as of HDFC

I got reply from ICICI, according ICICI bank policy, they don’t report total credit limit of secured card.

Missing