Credit limit reflecting twice in cibil

[Ginee]

Hi guys,

I'm holding a ICICI apay and coral card which is of shared limit and axis iocl premium and myzone card which is also shared limit but now in my cibil all 4 cards are showing separate cards and separate limit ie both icici and axis limits are doubled.


Do I need to leave it like this so that may reduce credit usage percentage or do I need it to get changed so that there will be no over leverage issue if I need to apply any cards in future??

Can someone pls through some light on it

 

[Mr. BeanMr. Bean is verified member.]

I'm holding a ICICI apay and coral card which is of shared limit and axis iocl premium and myzone card which is also shared limit but now in my cibil all 4 cards are showing separate cards and separate limit ie both icici and axis limits are doubled.

Assume that you have a limit of 1 lac in ICICI Apay shared with Coral and 1 lac in Axis IOCL shared with MyZone, you are expected to see 4 lac credit limit in CIBIL. That's how CIBIL works (as ICICI and Axis report them as separate accounts). However, if you get more gemstone cards (Rubyx and/or Sapphiro) from ICICI, then you wouldn't see any further increase. Gemstone cards are grouped together in a single account by ICICI.

If you are concerned about the over leverage when you apply next time, you may reduce the credit limit temporarily in ICICI cards. However, it takes up to 45 days to see the reduced credit limit in CIBIL.

 

[GTSaketh]

However, if you get more gemstone cards (Rubyx and/or Sapphiro) from ICICI, then you wouldn't see any further increase. Gemstone cards are grouped together in a single account by ICICI.

Is there any similar kind of group for Axis?

 

[_deb_]

ICICI apay and coral card which is of shared limit

ICICI Apay and coral may be having same credit limit but they are not shared. Coral is a core card and Apay is cobranded. You may test by spending on one of the card. Once the transaction is settled you will find that the credit limit utilisation will change for that card only. Hence it appears separately in cibil.

For me there are 3 entries in cibil:
1. For Amazon pay
2. For Sapphiro dual
3. For shared limit on coral Rupay, platinum visa and rubyx Rupay.

 

[Ginee]

ICICI Apay and coral may be having same credit limit but they are not shared. Coral is a core card and Apay is cobranded. You may test by spending on one of the card. Once the transaction is settled you will find that the credit limit utilisation will change for that card only. Hence it appears separately in cibil.

For me there are 3 entries in cibil:
1. For Amazon pay
2. For Sapphiro dual
3. For shared limit on coral Rupay, platinum visa and rubyx Rupay.

I too thought like that at first in app after transaction getting settled it shows like a separate credit limit but when you try to spend on the other card the transaction gets declined and says no credit limit i have called to cc and they say it's shared limit only

 

[Ginee]

Is there any similar kind of group for Axis?

As far as I know it's not there but in cibil it shows 2 separate card with 2 same limits

 

[Ginee]

Assume that you have a limit of 1 lac in ICICI Apay shared with Coral and 1 lac in Axis IOCL shared with MyZone, you are expected to see 4 lac credit limit in CIBIL. That's how CIBIL works (as ICICI and Axis report them as separate accounts). However, if you get more gemstone cards (Rubyx and/or Sapphiro) from ICICI, then you wouldn't see any further increase. Gemstone cards are grouped together in a single account by ICICI.

If you are concerned about the over leverage when you apply next time, you may reduce the credit limit temporarily in ICICI cards. However, it takes up to 45 days to see the reduced credit limit in CIBIL.

Will try that when applying next time then any idea how much total limit is considered as over leveraged ?? In comparison with salary