How to increase Cibil score?

[giriprasadrao]

Hi everyone,

I'm looking for tips on improving my CIBIL score. I primarily use Rupay credit cards to earn rewards. I'd like to know the best practices for increasing my score, especially when using Rupay cards. Specifically, I'm curious if there's an optimal day to pay my credit card bill to maximize the positive impact on my CIBIL score. Any advice would be greatly appreciated!

Thanks in advance.

 

[harsh_ujjwal]

Hi everyone,

I'm looking for tips on improving my CIBIL score. I primarily use Rupay credit cards to earn rewards. I'd like to know the best practices for increasing my score, especially when using Rupay cards. Specifically, I'm curious if there's an optimal day to pay my credit card bill to maximize the positive impact on my CIBIL score. Any advice would be greatly appreciated!

Thanks in advance.

Keep your utilisation under check. Though it is advised to keep under 30% but I prefer to keep it below 20%. Never go fr MAD. Always pay in full. Try to pay before time if not then on time.
Your credit score will improve gradually.

 

[giriprasadrao]

Keep your utilisation under check. Though it is advised to keep under 30% but I prefer to keep it below 20%. Never go fr MAD. Always pay in full. Try to pay before time if not then on time.
Your credit score will improve gradually.

When should I pay the credit card bill? The day when the bill gets generated or a week before due date? As I saw in YouTube videos stating if we pay the bill on the bill generation date there is a chance of increasing the CIBIL score. What's your suggestion on this?

 

[harsh_ujjwal]

When should I pay the credit card bill? The day when the bill gets generated or a week before due date? As I saw in YouTube videos stating if we pay the bill on the bill generation date there is a chance of increasing the CIBIL score. What's your suggestion on this?

Nothing like that. If you have utilised higher amount of your card you can pay off some amount before bill generation via your bank's app to keep your utilisation under check.
You can pay after bill generation or at least 5 days before due date.

 

[harsh_ujjwal]

When should I pay the credit card bill? The day when the bill gets generated or a week before due date? As I saw in YouTube videos stating if we pay the bill on the bill generation date there is a chance of increasing the CIBIL score. What's your suggestion on this?

Nowadays payments gets credited instantly via BBPS but to be on safer side 3-5 days is ok.

 

[giriprasadrao]

Nothing like that. If you have utilised higher amount of your card you can pay off some amount before bill generation via your bank's app to keep your utilisation under check.
You can pay after bill generation or at least 5 days before due date.

Generally, I use Amazon pay app to pay the credit card. Does it have any effect on CIBIL?

 

[harsh_ujjwal]

Generally, I use Amazon pay app to pay the credit card. Does it have any effect on CIBIL?

No affect. Pay on time. Score will improve gradually.

You should not delay a single payment else it will lower your score drastically.

 

[giriprasadrao]

No affect. Pay on time. Score will improve gradually.

You should not delay a single payment else it will lower your score drastically.

Cool. Thank you for your inputs.