Credit Utilisation confusion

[Ekavya]

Suppose my total credit limit offered by bank is 200k and for security reasons I kept it to 100k. So my question is if I spend 50k in a month. Then what would be my credit Utilisation ratio? 50% or 25 % ? In other word what is the main factor here? Total limit offered by bank or limit Set by me?

 

[luciferlucifer is verified member.]

25% as total limit is considered for credit utilisation

 

[pothi]

25% as total limit is considered for credit utilisation

+1

@Ekavya if you see different data on CIBIL (based on what you set as limit), please let us know which bank did differently so that everyone can be cautious about that bank's credit cards.

 

[BK7]

Suppose my total credit limit offered by bank is 200k and for security reasons I kept it to 100k. So my question is if I spend 50k in a month. Then what would be my credit Utilisation ratio? 50% or 25 % ? In other word what is the main factor here? Total limit offered by bank or limit Set by me?

25% only even if you set your own limit on total amount, this is based on my experience with ICICI

 

[pra1968]

Suppose my total credit limit offered by bank is 200k and for security reasons I kept it to 100k. So my question is if I spend 50k in a month. Then what would be my credit Utilisation ratio? 50% or 25 % ? In other word what is the main factor here? Total limit offered by bank or limit Set by me?

I have kotak league card.
I set limit next to zero in its app🙃
And it's CUR shows as per new limit....🙄😆

 

[Ekavya]

I have kotak league card.
I set limit next to zero in its app🙃
And it's CUR shows as per new limit....🙄😆

 

[Ekavya]

I have kotak league card.
I set limit next to zero in its app🙃
And it's CUR shows as per new limit....

Excellent use of refutation: Well done and Thanks