Impact of Holding Multiple Credit Cards from One Bank on Your CIBIL Report

[helloworld]

Bank​	Number of Accounts in CIBIL​
Standard Chartered	1 account for all cards
ICICI	4 accounts: 1 for Amazon, 1 for Gemstone Cards, 1 for Cobranded, 1 for Emeralde
AXIS	Each card has 1 account*
SBI	Each card has 1 account
AMEX	Each card has 1 account
BOB (Bank of Baroda)	Each card has 1 account
HDFC	Each card has 1 account
RBL	Each card has 1 account
INDUSIND	Each card has 1 account
KOTAK	Each card has 1 account
IDFC	2 accounts: 1 for Core Cards (or Linked UPI Cards), 1 for Cobranded
HSBC	Each card has 1 account
YES	Each card has 1 account
AU	Each card has 1 account
CITI (now its AXIS)	Each card has 1 account

Key Notes:​

• Separate Accounts: Multiple cards from the same bank will show as separate accounts in CIBIL, meaning each card has its own credit limit.
  
  Impact: This increases your overall credit limit, reduces ⬇️ credit utilization, but increases ⬆️ potential debt risk in CIBIL's view.
  
  
  
• Axis Bank: Card upgrades usually apply only if cards have the same reward system or through the retention team. Otherwise, each card is reported as a separate account in CIBIL.

Update if any changes in your bank. TIA!

 

[BhaiyaJi]

What about Yes Bank?

 

[helloworld]

@rahulsethi I saw you hold multiple cards from same bank, so could you help the number of accounts in CIBIL whenever you're available?

 

[zaid_2913]

Yes bank- each card 1 account
Au bank- each card 1 account

 

[helloworld]

Yes bank- each card 1 account
Au bank- each card 1 account

are you holding rupay cards from these banks along with core cards?

any changes in existing list? TIA

 

[zaid_2913]

are you holding rupay cards from these banks along with core cards?

any changeeasa in existing list? TIA

Yes, virtual cards along with core cards. Both have separate account.
For Existing list, IDFC bank virtual card doesn't report new account in CIBIL.

 

[rahulsethi]

@rahulsethi I saw you hold multiple cards from same bank, so could you help the number of accounts in CIBIL whenever you're available?

Every card has its own account even those with shared limits.

 

[BlueFlash]

are you holding rupay cards from these banks along with core cards?

any changes in existing list? TIA

Idfc core cards also share the same account. My Select and Wealth share the same account, just like how ICICI gemstone cards share.

 

[helloworld]

Idfc core cards also share the same account. My Select and Wealth share the same account, just like how ICICI gemstone cards share.

Do people normaly getting multiple core cards or is it some exceptional cases in IDFC?

 

[BlueFlash]

Do people normaly getting multiple core cards or is it some exceptional cases in IDFC?

For core cards, it's exceptional cases only.

 

[helloworld]

Anyone who hold rupay cards on basis existing card in that bank. Which bank doesn't report as separate account?

Ex: IDFC if we opt for rupay card on existing wealth card, it still uses same old account without opening new account in CIBIL.

Any other bank?

Currently most of the banks offering rupay card on the basis existing card, let me know if any doesn't report as separate account.

 

[BeingIncog]

Anyone who hold rupay cards on basis existing card in that bank. Which bank doesn't report as separate account?

Ex: IDFC if we opt for rupay card on existing wealth card, it still uses same old account without opening new account in CIBIL.

Any other bank?

Currently most of the banks offering rupay card on the basis existing card, let me know if any doesn't report as separate account.

Federal bank . ICICI somewhat

 

[helloworld]

Federal bank . ICICI somewhat

so, fed wave card doesn't report separately?

good to know icici.

 

[BeingIncog]

so, fed wave card doesn't report separately?

Nope. . .

 

[hks789]

Nope. . .

Federal bank app shows separate bills and payments for rupay card.
That is different from the IDFC implementation. ICICI too have common payment for gems cards and gem rupay versions.

How long do you have the Fed wave card for?
Is it mentioned any where that it will be same credit account?

 

[BeingIncog]

How long do you have the Fed wave card for?

almost 2 months in 2-4 days, i check cibil everyday coz of subscription.

Is it mentioned any where that it will be same credit account?

nope. maybe they might update later on. no separate account is created till today

 

[BeingIncog]

Federal bank app shows separate bills and payments for rupay card.
That is different from the IDFC implementation. ICICI too have common payment for gems cards and gem rupay versions.

very much turu 🙂

 

[helloworld]

any idea about IndusInd rupay card, same credit account or separate in CIBIL?

 

[BeingIncog]

any idea about IndusInd rupay card, same credit account or separate in CIBIL?

separate with card number as it is as account number

 

[Lobogris]

For me multiple IDFC cards (3) are coming under one single account in CIBIL

For me, my IDFC Wealth and First Power + are show as two separate accounts, each with its own limit of 22.6 lakhs even though in reality, they have a shared limit. All my cards show as separate accounts in CIBIL.

 

[TheGuy]

any idea about IndusInd rupay card, same credit account or separate in CIBIL?

but i guess no problem here as IndusInd has credit limit per CRN, so effectively your credit exposure will remain same ...