How to maintain Timely payment on All Credit Card - Anyone Maintain Excel for this?

[AniketAniket]

How to maintain Timely payment on All Credit Card - Anyone Maintain Excel for this?

If anyone have temple for excel sheet please share with me.

 

[hitirfan]

How to maintain Timely payment on All Credit Card - Anyone Maintain Excel for this?

If anyone have temple for excel sheet please share with me.

Kisi ek app .ai saare cards add kardo fir wo reminder bejte hain payment ka.

@Skylar you got any excel sheet?

 

[Skylar]

Kisi ek app .ai saare cards add kardo fir wo reminder bejte hain payment ka.

@Skylar you got any excel sheet?

I do have Excel, but it is time-consuming, so I started using Google Keep, where I manually enter the outstanding amounts.

 

[hitirfan]

View attachment 1560
I do have Excel, but it is time-consuming, so I started using Google Keep, where I manually enter the outstanding amounts.

Itna kam payment pending rakha hai fur bolte ho utilization ratio se koi farak nahi padta.

 

[Skylar]

Kisi ek app .ai saare cards add kardo fir wo reminder bejte hain payment ka.

@Skylar you got any excel sheet?

If we grant SMS permissions to Cred, Paytm, Amazon, Gpay, or any other payment app, they will create a reminder to pay the bill as soon as the bank sends an outstanding amount message, and a notification will pop up.

 

[Skylar]

Itna kam payment pending rakha hai fur bolte ho utilization ratio se koi farak nahi padta.

20th tak mera sara cards ka bill payment katham bhai
Isiliya ithna kum dik rahahey wait I'll show you before billing.

 

[Skylar]

HDFC limit is 84K I used combined neu+swiggy+mb 48K which is 55%
Axis limit is 1.54k I used ace+airtel 85K which 55% again

 

[zacobite]

View attachment 1561

HDFC limit is 84K I used combined neu+swiggy+mb 48K which is 55%
Axis limit is 1.54k I used ace+airtel 85K which 55% again

Nice.. Zero outstanding before end of month.. Good for score

 

[Skylar]

Nice.. Zero outstanding before end of month.. Good for score

Exactly, settling all dues before the end of the month = Peace of Mind.

 

[zacobite]

Exactly, settling all dues before the end of the month = Peace of Mind.

Mine is also excel.. and payments through the month.. will final one around 25th.. excel. for ALL. payments rent, utilities, insurance, fees, car wash, family etc... 5 mins everyday on the excel is doable... has helped me a lot in budgeting, planning for big payments and in general accounting

 

[zacobite]

Mine is also excel.. and payments through the month.. will final one around 25th.. excel. for ALL. payments rent, utilities, insurance, fees, car wash, family etc... 5 mins everyday on the excel is doable... has helped me a lot in budgeting, planning for big payments and in general accounting

what I don't track is reward rate. on cc as yet

 

[Skylar]

what I don't track is reward rate. on cc as yet

I have started using Excel exclusively for tracking rewards.
Soon, I will eliminate a few cards and retain only those that offer high rewards in most categories.

 

[hitirfan]

20th tak mera sara cards ka bill payment katham bhai
Isiliya ithna kum dik rahahey wait I'll show you before billing.

Wahin na CIBIL report se phale credit utilization ratio kam karte tum

 

[hitirfan]

I almost kept 0% credit utilization last month. It got updated in CIBIL yesterday and my Score increased by 1 point.

 

[Skylar]

Wahin na CIBIL report se phale credit utilization ratio kam karte tum

Haan Even when I clear those banks will be report how much I spent in a month.
There are two columns
.
Total spent and Total outstanding
.
Total Outstanding is used for timely payments.
Total spent is used for credit utilization.

So, there is no escape for high utilization.

 

[hitirfan]

Haan Even when I clear those banks will be report how much I spent in a month.
There are two columns
.
Total spent and Total outstanding
.
Total Outstanding is used for timely payments.
Total spent is used for credit utilization.

So, there is no escape for high utilization.

What is pending on the reporting day matters. That's debt, debt bad so less points for that. No debt good points.

Outstanding base pe milte points. Try once keep outstanding more than 30%

 

[Skylar]

What is pending on the reporting day matters. That's debt, debt bad so less points for that. No debt good points.

Outstanding base pe milte points. Try once keep outstanding more than 30%

Yes but recent changes people are saying banks are reporting multiple time to bureau as new RBI Rules credit bureau should update reports every 15days.

 

[hitirfan]

Yes but recent changes people are saying banks are reporting multiple time to bureau as new RBI Rules credit bureau should update reports every 15days.

Abhi tak wo implement nahi huwa shayad. Mera July ending ka kal aya CIBIl mai

 

[zacobite]

Haan Even when I clear those banks will be report how much I spent in a month.
There are two columns
.
Total spent and Total outstanding
.
Total Outstanding is used for timely payments.
Total spent is used for credit utilization.

So, there is no escape for high utilization.

Utlization is end of month only for most banks... Spends dont matter.. but yeah there maybe another variable in the algo somewhere on highest credit amount

 

[amitvicky]

BADEY LOG ..
BADI BATEIN ...

(all in good sense)