7 credit card sins you must avoid at all cost. Check the content
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Sin #1: Compromising card details
Sin #2: Failing to pay on time
Sin #3: Paying only minimum due
Sin #4: Withdrawing cash
Sin #5: Utilizing full limit
Sin #6: Spending to earn rewards
Sin #7: Closing cards randomly
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Yeah. Read below comment.
“High credit usage portrays the user as credit hungry with a potentially higher chance of default. This adversely affects your credit score and may make it difficult for you to access additional credit facilities.”
//Sin #6: Spending to earn rewards//
Don’t use credit cards only to earn points
Sin 8- keeping card ideal without spending
That is obvious
say baba…. cibil is good
My card limit is 30k and I use whole 30k daily and repay same day.
I am doing this for 3months
And now my cibil is 860+
Edit- I got card with just give 600 cibil
Daily transactions are not reported to cibil or any other bureau. Only statement balance and settlement history.
If you utilise and payoff the balance same day then your credit utilization should be almost zero. What does the cibil report says about your credit utilization ?Fortunately, I don’t do any of these. I don’t use the card just for reward points.
am utilizng more than full everytime