Changing the oldest CC Variant - CIBIL Impact

[MetaCredit]

I would like to know if changing the oldest credit card variant from Visa to Rupay will negatively impact the CIBIL score. If yes then how to avoid it? Any solutions? I hope I will find help.

 

[luciferlucifer is verified member.]

I would like to know if changing the oldest credit card variant from Visa to Rupay will negatively impact the CIBIL score. If yes then how to avoid it? Any solutions? I hope I will find help.

It does not affect CIBIL negatively as the creation date remains the same

 

[plastikman]

In case the bank explicitly states that they are changing the franchise from Visa/MC to Rupay then its not a problem. In some banks they close the account and issue a new Rupay card. In that case it may affect your CIBIL. This mostly happens in the PSU banks. I had such experience with Canara Bank.

 

[akshayhs]

It depends on the bank. For example HDFC, SBI will use your credit card number to create a credit account in the bureaus. In that case, you can expect a new account to be added because the card number itself will change.

 

[Pravnz]

It depends on the bank. For example HDFC, SBI will use your credit card number to create a credit account in the bureaus. In that case, you can expect a new account to be added because the card number itself will change.

Don't think so. I have been using HDFC CC for almost 14 years and upgraded cards multiple times which obviously changed the card numbers and also couple of times from Visa to MC. My Cibil still shows the oldest card age as 14 years

 

[abhishek0882]

This maybe slightly off topic. My oldest card is my Citi Premiermiles. What happens to CIBIL's depth/age of credit when this card either gets converted to an Axis card or gets closed (if I choose not to accept the card that Axis offers)?

 

[Harry1]

For me, closing and reopening accounts, new enquiries etc don't affect my cibil at all. It has been +/-2 since last 2.5 years. I have full history on paisabazar app.

In around Jan-Feb, I closed my axis and Citi cards, which were my first 2 cards and as expected, no activity in cibil at all.

Only utilisation ratio and on time payments matter.