Seems CIBIL has stopped considering Amex Charge Cards and HDFC Bank Credit Cards while calculating credit utilisation. It now shows total credit limit as unavailable.
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Change in CIBIL Reporting for HDFC and Amex Charge Cards
- Thread starter Walter White
- Start date
Generally, for CIBIL purposes, max amount spent on the card was taken as reference to calculate utilisation for HDFC. They never report the actual limit.
Yeah, mine also shows - for regalia card.. I was thinking of raising a dispute to get them to update the actual limit..
mine was always shown as blank for hdfc. not even max card utilised.
That's a good idea. Has anyone been successful in getting this done?
It's known thing that hdfc do not report our credit card total limit. Anyone want to complain about it, they can go ahead.
I got my upgraded card yesterday from HDFC, so I am just waiting for 15 days(next statement generation) and after that raise a dispute with Cibil. Will update here on whatever happens afterward.
suraj singh
TF Buzz
Update:-
I have hdfc credit card only with 50k credit limit and maximum that i have used is 40k. Earlier there was blank or unavailable in credit limit section of cibil.
But in june credit report checked through google pay it is now showing actual credit limit i.e. 50k and correct credit utilisation in my case 5.45 Something which is calculated on 50k(actual credit limit) not on 40k(highest limit i have used)
Already being discussed here
HDFC will start reporting Total Credit Limit from May, 2023
HDFC will start reporting the Total Credit Limit instead of Utilized Limit from May 2023. P.s. - Previously, HDFC was not reporting total credit limit to Credit Bureau. Due to this, usage calculation was high which wasn't true & lt led down the user's credit score. This is really a relief to...
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