Not Using your credit card reduces credit score ?

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bobby_123

Hi Guys,

I have 9 credit cards..  I don't used 3-4 of them ..  does it will affect my cibil score... ? please guide how cibil score is calculated..

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Deal Lieutenant Deal Lieutenant
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The idea there is, if you do not have any due amount, then its not reported to cibil or experian, and then it doesn't count as one of the timely payment because you paid nothing. It doesn't  reduce your score, but having 100 rs due and then paid increases it

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Nope ... Just make sure u do a small trn once in 3 months . 

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Deal Lieutenant Deal Lieutenant
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The idea there is, if you do not have any due amount, then its not reported to cibil or experian, and then it doesn't count as one of the timely payment because you paid nothing. It doesn't  reduce your score, but having 100 rs due and then paid increases it

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Nope ... Just make sure u do a small trn once in 3 months . 

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@bobby_123

close some of them if they are not more then 1 - 2 years old 

keep the oldest one dont ever close them

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i was going to close sbi simplysave...  it was my 1st cc ...  now i am feeling to close since i got simplyclick
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Deal Hunter Deal Hunter
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Nope

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