"Does High Credit Utilization Affect Your Score Even with Timely Payments?"

[bkan]

If I spend Rs 16,000 and make the full payment within two days, will my credit score still be affected due to the credit utilization ratio? My credit limit is Rs 25,000.

 

[hitirfan]

If I spend Rs 16,000 and make the full payment within two days, will my credit score still be affected due to the credit utilization ratio? My credit limit is Rs 25,000.

If u pay before bill generation/ reporting day to CIBIL etc, your Credit Score will not have any negative impact of Credit Utilization. The remaining credit matters

 

[krishna1718]

billed amount after statement generation is treated as utilization if you paid before bill generation then bill amount decreases to pay and it also lower the utilization

 

[Narinder Kumar]

No effect