About 30% Credit Card Usage

[shivamid6]

I have 3 credit cards :

Axis Bank : 2 Credit Cards with merged limited of 31K. Both card bill generation date is 1st of every month.
ICICI : 1 Credit Card with limit of 25 K. Bill generation date is 22nd of every month.

As per Bekifaayati:
Both Axis and ICICI Send credit report to cibil on bill generation date.

so my Queries are:

1. What is my 30% credit limit? CIBIL company include all credit cards limit ? OR Individual 30% of each card?
2. If my 30% credit limit is 16,800 including all credit cards, then do I have to maintain 30% on every bill generation date? Means my axis bank give report to cibil on 1st and rbl icici on 22nd ? 2 reports .. so do i have to maintain 30% on both 1st and 22nd ?



Please reply this thread.

 

[zacobite]

About 30% Credit Card Use

Hi, I have 2 Axis Bank Credit Cards both cards has a merged limit of 31k. 1st credit card bill generation date is 2nd of every month. 2nd credit card bill generation date is 13th of every month. I know the 30% usage rule. My question is, on 2nd of every month if my 1st card bill is less than...

bekifaayati.co

Your own thread from earlier.. pls reference

 

[shivamid6]

About 30% Credit Card Use

Hi, I have 2 Axis Bank Credit Cards both cards has a merged limit of 31k. 1st credit card bill generation date is 2nd of every month. 2nd credit card bill generation date is 13th of every month. I know the 30% usage rule. My question is, on 2nd of every month if my 1st card bill is less than...

bekifaayati.co

Your own thread from earlier.. pls reference

so do i have to maintain 30% on both 1st and 22nd ?

 

[zacobite]

so do i have to maintain 30% on both 1st and 22nd ?

on all reporting dates per card YES!! But there is a change from rbi.. now banks will report to cibil minimum twice maybe more.. so don't think so much.. just ensure you pay on time..

Your CIBIL score will be updated faster as credit information companies will now get fortnightly reports from lenders, says RBI

credit information companies will now get fortnightly report from lenders, says RBI.

m.economictimes.com

 

[abhimarda]

I have 3 credit cards :

Axis Bank : 2 Credit Cards with merged limited of 31K. Both card bill generation date is 1st of every month.
ICICI : 1 Credit Card with limit of 25 K. Bill generation date is 22nd of every month.

As per Bekifaayati:
Both Axis and ICICI Send credit report to cibil on bill generation date.

so my Queries are:

1. What is my 30% credit limit? CIBIL company include all credit cards limit ? OR Individual 30% of each card?
2. If my 30% credit limit is 16,800 including all credit cards, then do I have to maintain 30% on every bill generation date? Means my axis bank give report to cibil on 1st and rbl icici on 22nd ? 2 reports .. so do i have to maintain 30% on both 1st and 22nd ?



Please reply this thread.

Maintain less than 30% in both banks at all times, overall will be taken care of by itself.

 

[Sujeet]

I have 3 credit cards :

Axis Bank : 2 Credit Cards with merged limited of 31K. Both card bill generation date is 1st of every month.
ICICI : 1 Credit Card with limit of 25 K. Bill generation date is 22nd of every month.

As per Bekifaayati:
Both Axis and ICICI Send credit report to cibil on bill generation date.

so my Queries are:

1. What is my 30% credit limit? CIBIL company include all credit cards limit ? OR Individual 30% of each card?
2. If my 30% credit limit is 16,800 including all credit cards, then do I have to maintain 30% on every bill generation date? Means my axis bank give report to cibil on 1st and rbl icici on 22nd ? 2 reports .. so do i have to maintain 30% on both 1st and 22nd ?



Please reply this thread.

From my personal experience consider the 30%utilisation for ur cards individually as your limit . At any point of time.