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Cibil score affect

  • Thread starter Thread starter Sarthak2005
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Suppose a Person applied to 10 Banks At a Time
How much will his Credit score Be Affected?
I applied for 11 cards and my cibil score got increased by 2 points 😂 and according to one card my cibil score increased by 13 points in the last months 😂
 

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Suppose a Person applied to 10 Banks At a Time
How much will his Credit score Be Affected?
If you apply for a loan and if the loan is approved your CIBIL will have minimal impact but for some reasons if bank rejects your loan application, it will have a negative impact. Same goes for credit card but the impact is low compared to loans.
 
I actually tried raising limit enhancements in most of my cards and roughly 7 banks did enquires on CIBIL within a span of 5-10 days and my score dropped from 787 to 784.

Please note that I have a credit history since 8 years and currently hold 19 Cards with limit 65L+ and total utilization <= 15%. The drop can also be due to increase in utilization as my utilization went up from <5% to <15%.
 
If you apply for a loan and if the loan is approved your CIBIL will have minimal impact but for some reasons if bank rejects your loan application, it will have a negative impact. Same goes for credit card but the impact is low compared to loans.
How can CIBIL know if bank rejected?
 
What if one choices not to take the card after the CIBIL. The bank has not rejected. Will CIBIL consider that also as rejection
Bank does hard enquiry after your consent for moving forward with CC application if the card is approved it will be sent to your address, you can deny the card or choose not to activate after 30 days it will be cancelled. But for sure there will be little impact on CIBIL. CC enquiries have low impact anyways.
 
What if one choices not to take the card after the CIBIL. The bank has not rejected. Will CIBIL consider that also as rejection
I applied for Axis LTF....
But Axis gives me chargeable and I didn't activate it within 30 days.....
My Cibil nosedive by some 20 points.....
That's all....
 
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