For example - I have 3 credit cards with total 3.75 lakhs limit each with 1.25. Now if i use for buying product of 1.25 lakhs on EMI by any 1 card how does the credit utilization ratio calculated ?
Does it affect cibil score ?
If yes Is there any other way ?
Am 20M currently studying in medical , i have total 6 Bank account on my name
1 . HDFC ( 5k minimum )
2 . Sbi ( 2k minimum )
Zero balance
1 . Au small finance
2 . Kotak
3 . Federal
4 . IndusInd
Should i keep all 6 account ? Need guidance