Cibil score hovers around 772 to 784 - how to increase

[Abhi27]

I have 3 credit cards of which 1 is 3.5 years old and other 2 are 2 years old , i don't have any other loans and my cibil score is 782. I always use card within 30% limit and total credit utilisation hardly crosses 10%, but still my cibil score hovers around 772 to 784 without reason. It's not moving up at all .Does anyone know the reason for this?? And what should i do to increase the score?

 

[TheTrickySid]

Actually I is not possible to cross the mark of 790 - 800 just with the help of credit cards if you want it to go above 800 then you need to have a secured load ie home loan or vehicle loan but it is not advisable to take a loan just to increase credit score.

PS : I had read this information on some thread on this community and sharing that with you.

 

[007]

View attachment 1167
Suddenly my Cibil jumped from 754 to 761, my highest ever!!

I'm happy

Noice! 🎉🔥

 

[007]

View attachment 1167
Suddenly my Cibil jumped from 754 to 761, my highest ever!!

I'm happy

Here's mine. Max I got is 788

 

[007]

Since how many years are you building Cibil?

Got my first CC in March 2021, nothing before that (loans, CCs etc.)

 

[AllSeeker]

Credit report criterias are weird, don't worry too much about it if you have it above 760-70 marke. Beyond that no one really cares, however what will matter is number of years you have payment history of. More the better, spotless the better.

 

[007]

Credit report criterias are weird, don't worry too much about it if you have it above 760-70 marke. Beyond that no one really cares, however what will matter is number of years you have payment history of. More the better, spotless the better.

💯
Timely repayments is the 🗝

 

[007]

Ah
Interesting
Even my portfolio is similar
Guess will increase to 770-780 range by year end

Yup

 

[Abhi27]

Will the cibil score decrease for pre approved limit increase also??

 

[TheTrickySid]

Will the cibil score decrease for pre approved limit increase also??

I guess limit increase has nothing to do with your CIBIL/Credit score

 

[007]

Will the cibil score decrease for pre approved limit increase also??

Nothing for pre-approved card offers or Limit enhancement.

 

[Abhi27]

Nothing for pre-approved card offers or Limit enhancement.

But my score was down by 5 points after Flipkart axis limit increase from 79000 to 699000, i thought that might be the reason...

 

[007]

But my score was down by 5 points after Flipkart axis limit increase from 79000 to 699000, i thought that might be the reason...

Did you check that it was from Axis? 👀

 

[007]

I had Cibil enquiry for pre approved CC

Ohh is it.. Didn't know that. I heard otherwise. Thanks for the info!

 

[007]

Usually people say they didn't get but I got
Usually people don't have Cibil enquiry for LE but @souvikdey2002 had for his Sapphiro

There exist exceptions to these general rule if thumb

Yeah.. Maybe they do it for Premium cards 🤔

 

[007]

Maybe ... No one knows as this generally is not the case

Yup

 

[TechnoFinoTechnoFino is verified member.]

I have 3 credit cards of which 1 is 3.5 years old and other 2 are 2 years old , i don't have any other loans and my cibil score is 782. I always use card within 30% limit and total credit utilisation hardly crosses 10%, but still my cibil score hovers around 772 to 784 without reason. It's not moving up at all .Does anyone know the reason for this?? And what should i do to increase the score?

credit age is very important for 800+ score... so be patient ... it will increase automatically.
BTW 772/784 is a decent score.

 

[TheTrickySid]

View attachment 1176
😑

??

 

[007]

View attachment 1176
😑

What's that? 👀

 

[souvikdey2002]

Yeah.. Maybe they do it for Premium cards 🤔

No man, it's not about the premium cards.
Sometimes if sum of your total Credit goes beyond a certain limit & still you seek for LE manually then the banks re-checks since increasing further may put themselves in to danger zone.

For example last year August I had increased the Limit of Sapphiro requesting manually from 2,50,000 to 6,00,000 without any enquiry in Cibil and this year I requested again before I completed 1 year.

For some reason they couldn't reject me this time & the limit requested was 9,50,000 which is almost the Upper Cut Up limit of Sapphiro.

So they had no option but to check my Credit Worthiness from Cibil & finally they approved 8,00,000.