Applying for multiple credit cards CIBIL impact

[Gautham]

Hi All,

I applied for 4 new credit cards from May 1st and got all 4 approved. I applied for 2 secondary cards as well and got them too. I got 3 Limit enhancement in the last 2 months as well. Only time will tell how this is going to impact my credit score.

 

[thunderbolt]

Hi All,

I applied for 4 new credit cards from May 1st and got all 4 approved. I applied for 2 secondary cards as well and got them too. I got 3 Limit enhancement in the last 2 months as well. Only time will tell how this is going to impact my credit score.

Nice, what are those cards & their limits ?

 

[Gautham]

Nice, what are those cards & their limits ?

SBI Simplyclick with 1 lakh limit
SCB Digismart and Smart with 1.83 lakh
Citi Rewards with 80k
BoB got approved but did not receive card yet.
Already have 2 axis cards. Applied for Axis airtel through cc and got it too with 2 lakh limit.

 

[BankExpertIndia]

Great... Nothing Will Happen To Your Credit Score... It Can Fluctuate A Bit Say 10-15 Points (Up Or Down)

 

[Gautham]

Great... Nothing Will Happen To Your Credit Score... It Can Fluctuate A Bit Say 10-15 Points (Up Or Down)

All right, Let's see. My score had gone down wildly before for 1-2 cibil enquiries (application rejected) as well. But this time, all are approved.

 

[BankExpertIndia]

All right, Let's see. My score had gone down wildly before for 1-2 cibil enquiries (application rejected) as well. But this time, all are approved.

TW... I Apply Almost 5 CC Every Month... But Credit Score Don't Change Like Stock Prices

 

[Gautham]

5 every month?? 😱 how many you have in total?

 

[skvignesh]

SBI Simplyclick with 1 lakh limit
SCB Digismart and Smart with 1.83 lakh
Citi Rewards with 80k
BoB got approved but did not receive card yet.
Already have 2 axis cards. Applied for Axis airtel through cc and got it too with 2 lakh limit.

Axis Airtel approved after how many days of applying via call?

 

[Gautham]

Axis Airtel approved after how many days of applying via call?

Immediately. I could see the card in Axis App within like 10 minutes.

 

[Gautham]

Which ones?

SBI Simplyclick
SCB DigiSmart and Smart
Citi Rewards
BoB got approved but did not receive card yet.
Axis airtel

 

[ChurningNoob]

TW... I Apply Almost 5 CC Every Month... But Credit Score Don't Change Like Stock Prices

How many and which cards do you have? Why 5 every month? What is your cibil

 

[BankExpertIndia]

How many and which cards do you have? Why 5 every month? What is your cibil

I Apply For My Mother… Has Nearly 15 Cards Including BNPL… Her CIBIL Is 778… Not Moving Up Because Of No-Secured Loan

 

[AsB]

Hi All,

I applied for 4 new credit cards from May 1st and got all 4 approved. I applied for 2 secondary cards as well and got them too. I got 3 Limit enhancement in the last 2 months as well. Only time will tell how this is going to impact my credit score.

Was there any significant drop in CIBIL ? If yes, how much was the drop please, if you don't mind?

 

[BigdeBigde is verified member.]

The best way to gauge the CIBIL impact is via https://myscore.cibil.com they offer you a CIBIL simulator using which you can simulate the impact of any type of loan on your Credit score. Found it useful while applying for 4 cards in parallel.

 

[Gautham]

Hi guys, just an update. Both Cibil (792) and Experian (824) did not drop even a single point. Experian did not move since feb and Cibil did not move since May.