Credit Card CIBIL Reporting Date

[Manoj Pant]

My Airtel Axis card was approved on February 23 , I paid 3 bills till date.....but Axis not reported details yet to CIBIL? What to do now?

 

[AsB]

My Airtel Axis card was approved on February 23 , I paid 3 bills till date.....but Axis not reported details yet to CIBIL? What to do now?

It will be reported soon.

 

[jabwebanged]

Does HDFC not report your credit limit to CIBIL? It's screwing up my utilization because it's my biggest credit limit card and it's now being reported to cibil/experia etc

 

[pradeepG]

Does HDFC not report your credit limit to CIBIL? It's screwing up my utilization because it's my biggest credit limit card and it's now being reported to cibil/experia etc

are u checking from CIBIL Website or some 3rd party app/website. IMO you are using onescore? Right?

 

[Cardmarvel]

Does HDFC not report your credit limit to CIBIL? It's screwing up my utilization because it's my biggest credit limit card and it's now being reported to cibil/experia etc

From what I have understood, Hdfc will report the highest credit utilized ever as the credit limit, but not the actual limit on the card

 

[AsB]

Does HDFC not report your credit limit to CIBIL? It's screwing up my utilization because it's my biggest credit limit card and it's now being reported to cibil/experia etc

HDFC does not report actual Credit Limit , but the highest used Limit. Sumanta Da has made a video on this. You should check it out.

 

[AsB]

HDFC does not report actual Credit Limit , but the highest used Limit. Sumanta Da has made a video on this. You should check it out.

Here is the link

 

[BlueFlash]

@TechnoFino Quick question: Banks report to CIBIL on the mentioned dates as per thread, however when does CIBIL start showing it in the report ? I believe it's not instant or even same day, because yesterday late night (<12am) I refreshed my CIBIL report, but didn't find a single account entry's data updated; It was still showing 30th April as last reported date for most banks, and not 31st May which I was expecting... So I guess CIBIL refreshes the data after a day or two maybe...

 

[Tejo]

@TechnoFino Quick question: Banks report to CIBIL on the mentioned dates as per thread, however when does CIBIL start showing it in the report ? I believe it's not instant or even same day, because yesterday late night (<12am) I refreshed my CIBIL report, but didn't find a single account entry's data updated; It was still showing 30th April as last reported date for most banks, and not 31st May which I was expecting... So I guess CIBIL refreshes the data after a day or two maybe...

it might take 1-3 months

 

[jabwebanged]

Is there any solution to this problem? HDFC regalia is my oldest and higher credit limit card by far. Without reporting the limit, i'm using more than 30%

HDFC does not report actual Credit Limit , but the highest used Limit. Sumanta Da has made a video on this. You should check it out.

 

[Tejo]

Is there any solution to this problem? HDFC regalia is my oldest and higher credit limit card by far. Without reporting the limit, i'm using more than 30%

you need to use ur max. limit, so they will report it as sanc.. limit

 

[jabwebanged]

you need to use ur max. limit, so they will report it as sanc.. limit

I did, and it got reported at 120% credit usage.

 

[Tejo]

I did, and it got reported at 120% credit usage.

did you use beyond given limit ... 120%*

what r charges?

 

[skmonk]

That's very helpful, thank you

 

[jabwebanged]

did you use beyond given limit ... 120%*

what r charges?

No, i used actually like 20%, but since hdfc doesnt report credit limit, it showed as 120% usage. No charges, but lowered my cibil by like 50 points

 

[jack333]

Better max it out once through amazon. Order something big on 28th or 29th and cancel on 1st. It will decrease the Cibil once but then will gradually start to increase

 

[Tejo]

No, i used actually like 20%, but since hdfc doesnt report credit limit, it showed as 120% usage. No charges, but lowered my cibil by like

My bill will be generated on 22

Tell, on which date I need to order because it's need to settle first then only it will be billed on statement.

 

[jack333]

Atleast Two days before month end. Cancel on 1st

 

[AsB]

Better max it out once through amazon. Order something big on 28th or 29th and cancel on 1st. It will decrease the Cibil once but then will gradually start to increase

This is what some of us follow here.

 

[wokrishnahai]

Thank you for this information.