Applied multiple Credit Cards

[CaptArcadian]

Hi All,

I just applied for 3 multiple credit cards. My credit score is Experian = 844/900 and CIBIL = 784/900
How bad it is going to hit my score.

1. HDFC Regalia
2. OneCard from BOI
3. Zomato Classic Card

 

[prc1990]

Hi All,

I just applied for 3 multiple credit cards. My credit score is Experian = 844/900 and CIBIL = 784/900
How bad it is going to hit my score.

1. HDFC Regalia
2. OneCard from BOI
3. Zomato Classic Card

One after another (post approval) would have been a better approach.

 

[ashwinkashwink is verified member.]

OneCard from BOI

It's not Boi Bob 😅

 

[Krish]

Hi All,

I just applied for 3 multiple credit cards. My credit score is Experian = 844/900 and CIBIL = 784/900
How bad it is going to hit my score.

1. HDFC Regalia
2. OneCard from BOI
3. Zomato Classic Card

Mine went down from 771 to 714 with just one enquiry from HDFC, and also it showed 100% credit utilisation for the HDFC credit card

 

[V360V360 is verified member.]

I read somewhere enquiries on CIBIL are overrated. Had 6 enquiries last month and my score still moved up by 10 points 😀

 

[Krish]

Are you sure you checked your Cibil score?
From where did you check it?

OneScore and SBI, weird thing is that ,while Cibil took a huge hit, Experian only reduced to 799 from 803

 

[Akash Topder]

I read somewhere enquiries on CIBIL are overrated. Had 6 enquiries last month and my score still moved up by 10 points 😀

Wait how?

 

[V360V360 is verified member.]

Wait how?

Again their algorithms - not sure if it can be ever cracked 🙂

 

[CMGCMG is verified member.]

Again their algorithms - not sure if it can be ever cracked 🙂

What is your credit depth ?

 

[rjsudeep]

Yes, even I have had instances where my score has gone up despite multiple enquiries and rejections. Weird algorithms they have!

I read somewhere enquiries on CIBIL are overrated. Had 6 enquiries last month and my score still moved up by 10 points 😀

 

[Gupta]

I applied for two cards in last 10days (before that 750+ credit score).. and I want to apply for axis myzone as it is available for ltf now

What should I do (b'coz multiple applications will effect cibil score)?

 

[RiddhiDeopura]

I applied for two cards in last 10days (before that 750+ credit score).. and I want to apply for axis myzone as it is available for ltf now

What should I do (b'coz multiple applications will effect cibil score)?

Just chill out for a while. Axis knows that it won't sell the MyZone card without LTF offers. Just apply later, and till then find something else to put your time in.

 

[Akash Topder]

I applied for two cards in last 10days (before that 750+ credit score).. and I want to apply for axis myzone as it is available for ltf now

What should I do (b'coz multiple applications will effect cibil score)?

Axis Myzone is LTF now? Is it a limited time offer or permanent?

 

[Gupta]

Axis Myzone is LTF now? Is it a limited time offer or permanent?

Limited period.. but they will offer again in financial year end I think (Feb/mar)

 

[Akash Topder]

Limited period.. but they will offer again in financial year end I think (Feb/mar)

It is still showing as chargeable.

 

[dav33]

OneScore and SBI, weird thing is that ,while Cibil took a huge hit, Experian only reduced to 799 from 803

Cibil was majorly impacted as hdfc enquired only cibil. Utilisation impacted both cibil and experian.

 

[Gupta]

It is still showing as chargeable.

While applying.. in the last page It will show as ltf(zero annual fee), check with axis bank twitter handle once

 

[pjain2712]

Axis Myzone is LTF now? Is it a limited time offer or permanent?

Axis is now offering My Zone card LTF | September 2022

Axis Bank is now offering MyZone Credit Card as Lifetime Free. Get Free SonyLive Membership, 40% off up to ₹120, 4 times a month on Swiggy & 1 complimentary airport lounge access per quarter. Showing on Axis website: Link to Apply: https://clctab.axisbank.co.in/DigitalChannel/WebForm/...

www.technofino.in

 

[rjsudeep]

I applied for two cards in last 10days (before that 750+ credit score).. and I want to apply for axis myzone as it is available for ltf now

What should I do (b'coz multiple applications will effect cibil score)?

Get it depending on your needs, not just because it is LTF. It may come back as LTF a few months later as well. If you have two axis cards, then think thrice as they issue only 3 cards normally. If you don't have any Axis cards, no harm applying unless you're really concerned about the temporary CIBIL drop.