Credit Utilisation Ratio

[souravsh3]

Hi everyone
I have SBM Credilio Credit card of billing cycle of 15th of the month.
I want to know wether I have to mentain the credit utilisation ratio below 30% from 15th to 15th or month wise?

 

[Skylar]

Hi everyone
I have SBM Credilio Credit card of billing cycle of 15th of the month.
I want to know wether I have to mentain the credit utilisation ratio below 30% from 15th to 15th or month wise?

First you have to check/enquire when SBM reports to Credit bureau.
If it reports on billing date then before 15th you have keep it 30%
Vise versa if it reports on month end then 30% by month end.

Kotak, IDFC, AXIS, SIB report on month end.
Whereas SBI and ICICI report on billing date, I'm not sure about SBM

 

[hitirfan]

First you have to check/enquire when SBM reports to Credit bureau.
If it reports on billing date then before 15th you have keep it 30%
Vise versa if it reports on month end then 30% by month end.

Kotak, IDFC, AXIS, SIB report on month end.
Whereas SBI and ICICI report on billing date, I'm not sure about SBM

HDFC kab karta?

 

[Skylar]

HDFC kab karta?

Month end