Credit Utilisation

[nanha.munna.rahi]

Hi guys, a random query if i utilise Total available limit for my credit card and next day pay it off or pay it 10 days before my bill generation date will it have impact on my CIBIL Score?

 

[Teja-]

Hi guys, a random query if i utilise Total available limit for my credit card and next day pay it off or pay it 10 days before my bill generation date will it have impact on my CIBIL Score?

Nope ,

 

[sherin.real1]

Hi guys, a random query if i utilise Total available limit for my credit card and next day pay it off or pay it 10 days before my bill generation date will it have impact on my CIBIL Score?

Credit Card CIBIL/ Experian Reporting Date

Hi All, To maximise your Credit Score, your Credit Utilization must be kept below 30%. For this we should know on which date your Card Issuer/ Bank sends monthly reports to Credit Bureau (CIBIL, Experian, etc) so that we can clear our CC Outstanding before this date.. Sharing this data for a...

bekifaayati.co

Check this thread, and see when your bank reports to the credit bureau and pay a few days before that.

 

[RitamModak]

Hi guys, a random query if i utilise Total available limit for my credit card and next day pay it off or pay it 10 days before my bill generation date will it have impact on my CIBIL Score?

Nope It will not. Here is some advisory if you need...

While it's generally advisable to keep your credit utilization low, paying off your credit card balance in full before the due date does not typically have a significant negative impact on your CIBIL score.

Here's a breakdown of why:

• On-time payments: Prompt payment of your credit card balance is a major factor in determining your credit score. Paying in full before the due date demonstrates responsible credit management.
• Credit utilization ratio: While a high credit utilization ratio can negatively affect your score, paying off the balance in full before the due date effectively resets your available credit, reducing your credit utilization ratio.

However, it's still a good practice to:

• Avoid carrying a balance month over month: Interest charges can accumulate quickly, and carrying a balance can negatively impact your credit score over time.
• Monitor your credit report regularly: Check your credit report for errors or unauthorized activity.(I really like GPAY & ONE SCORE)
• While it's generally advisable to keep your credit utilization low, paying off your credit card balance in full before the due date does not typically have a significant negative impact on your CIBIL score.
  

 

[nanha.munna.rahi]

Thank you all for the insight