Credit Card CIBIL Reporting Date

[Ksunnylove]

Hello everyone,
If you are holding multiple credit cards, and wants to keep your credit utilisation ration under 30% then you should know, on which date your card issuers report your card uses data to CIBIL.
To know more about how to maintain credit utilisation ratio under 30% or lower watch this video - How To Maintain Credit Utilization Ratio Under 30% | Steps You Must Follow | Pro Tips 🔥🔥🔥 on YouTube (TechnoFino Channel).
Check this list, Credit Card CIBIL Reporting Date -

View attachment 373

What if we change the statement date to month end or the day which bank reports to Cibil , then it will be easy to keep track of utilisation as we have a habit to reduce utilisation before statement generation.

 

[TheTrickySid]

What if we change the statement date to month end or the day which bank reports to Cibil , then it will be easy to keep track of utilisation as we have a habit to reduce utilisation before statement generation.

Yes,
But
Not all bank will allow to change the billing cycle.
But yes after the new rbi rules become applicable it'll be possible.

 

[Cierdo]

I applied for an ICICI card and their Credit Enquiry is being shown as that of a Personal Loan. I mailed ICICI regarding this and they have not replied to the the query after multiple mails over several days. Should I raise this to RBI or is this fine?

 

[TechnoFinoTechnoFino is verified member.]

What if we change the statement date to month end or the day which bank reports to Cibil , then it will be easy to keep track of utilisation as we have a habit to reduce utilisation before statement generation.

My strategy

 

[akshayhs]

Most probably month end. But I'm not 100% sure... need confirmation from someone who has federal bank card

An update from my side. I just checked my CIBIL report and I see that date is reported and certified on 13th February. 13th is my statement generation date for the card. So I assume it's reported on the statement generation day (or 13th day of the month).


No official communication received from the bank yet. Waiting to see which one is true.

 

[TechnoFinoTechnoFino is verified member.]

An update from my side. I just checked my CIBIL report and I see that date is reported and certified on 13th February. 13th is my statement generation date for the card. So I assume it's reported on the statement generation day (or 13th day of the month).


No official communication received from the bank yet. Waiting to see which one is true.

it's confirmed then, Federal bank report on bill generation date

 

[viralsanghavi32]

Hello everyone,
If you are holding multiple credit cards, and wants to keep your credit utilisation ration under 30% then you should know, on which date your card issuers report your card uses data to CIBIL.
To know more about how to maintain credit utilisation ratio under 30% or lower watch this video - How To Maintain Credit Utilization Ratio Under 30% | Steps You Must Follow | Pro Tips 🔥🔥🔥 on YouTube (TechnoFino Channel).
Check this list, Credit Card CIBIL Reporting Date -

View attachment 373

Wonderful Information ....

 

[rawn7702]

Can someone confirm this for me? I do know if I get this right.
So my knowledge was that the 30% utilization of credit cards would be 30% of each credit card individually and not all the credit cards combined.
Am I right or wrong?
Can someone help?
Thank you.

 

[ashwinkashwink is verified member.]

Combined
But utilisation doesn't matter

Yes all combined

 

[Abhi27]

Raise dispute to Cibil

That doesn't work in this case, after raising dispute they replied as. No Change - Please get in touch with ICICIBANK for the required correction.

 

[ashwinkashwink is verified member.]

That doesn't work in this case, after raising dispute they replied as. No Change - Please get in touch with ICICIBANK for the required correction.

What is the response from the bank?

 

[Abhi27]

I applied for an ICICI card and their Credit Enquiry is being shown as that of a Personal Loan. I mailed ICICI regarding this and they have not replied to the the query after multiple mails over several days. Should I raise this to RBI or is this fine?

Mail them at headcreditcards@icicibank.com and headservicequality@icicibank.com with cibil report

 

[Abhi27]

What is the response from the bank?

Actually they have made 2 enquiries for me, 1 as personal loan and other as credit card,
After complaining and having several conversations they have sent:-

We sincerely regret the inconvenience caused to you.
We had sent the request to cibil for enquiry details on May 27, 2022 and it will take 5 working days time to response.
Your query is being looked into by our Senior Officers. Please be assured that the matter will be resolved to your satisfaction at the earliest.
Please accept our sincere apologies for the inordinate delay. We will get back to you by June 4, 2022.

 

[ashwinkashwink is verified member.]

Actually they have made 2 enquiries for me, 1 as personal loan and other as credit card,
After complaining and having several conversations they have sent:-

We sincerely regret the inconvenience caused to you.
We had sent the request to cibil for enquiry details on May 27, 2022 and it will take 5 working days time to response.
Your query is being looked into by our Senior Officers. Please be assured that the matter will be resolved to your satisfaction at the earliest.
Please accept our sincere apologies for the inordinate delay. We will get back to you by June 4, 2022.

If it's implemented it will take around 3 months to reflect on the report

 

[Abhi27]

If it's implemented it will take around 3 months to reflect on the report

Same thing happened with IDFC , but they removed the enquiry within 3 days of my complaint.

 

[Rashya]

Same thing happened with IDFC , but they removed the enquiry within 3 days of my complaint.

From my experience, IDFC acts fast for such kind of complaints

 

[ashwinkashwink is verified member.]

From my experience, IDFC acts fast for such kind of complaints

Yes idfc bank is very active compared to others

 

[rawn7702]

Combined
But utilisation doesn't matter

So does that mean I need to calculate 30% of all the card limits combined and not just 30% per individual card?

Also, does this apply to cards like UNI and Slice?

 

[ashwinkashwink is verified member.]

Also, does this apply to cards like UNI and Slice

May be yes

 

[pranavcool]

I need to know of icici bank do they report to cibil at bill generation date ? For new cards too.
Do let me know if anyone knows about the new cards reporting to cibil, as i need to apply c2c for a card