Credit Utilisation. Question.

[rp0703]

I have Axis Flipkart CC which has limit of Rs. 15000 only and i want to purchase a product which would cost around Rs. 9000. That means Credit Utilisation of this card would be around 60% after the purchase.

But i also have other cards and total credit limit of all card combined is above Rs. 3 Lakhs. So overall credit Utilisation would be around 3 or 4 % after purchase.

So my question is does Credit Utilisation of Individual card affect the CIBIL or Overall credit Utilisation is considered.

 

[Wealth is my birth right!]

Better to buy and pay before bill generation date so that CU ratio will not get damage the CIBIL score

 

[db24]

Overall credit Utilisation.
Don't think too much about this, just be responsible and always pay full due on time.

 

[Digvijay]

I have Axis Flipkart CC which has limit of Rs. 15000 only and i want to purchase a product which would cost around Rs. 9000. That means Credit Utilisation of this card would be around 60% after the purchase.

But i also have other cards and total credit limit of all card combined is above Rs. 3 Lakhs. So overall credit Utilisation would be around 3 or 4 % after purchase.

So my question is does Credit Utilisation of Individual card affect the CIBIL or Overall credit Utilisation is considered.

It will not affect as long as you clear all the due amount on time. Credit utilization is the total of your combined balances relative to your total credit limit across all your credit cards.

 

[ltf4ever]

overall. and even that won't matter too much. just pay on time and clear some dues before the statement gets generated.
this might even help you to get a limit increase on that card.

 

[Batmanbaba]

I also have myzone ltf with 15000 limit.. This month I have already purchased for around.... 45000...after paying after the purchase and again using... Will jst leave... Around 1000 before bill generation.. Which will be less than 10% utilisation....

 

[rp0703]

overall. and even that won't matter too much. just pay on time and clear some dues before the statement gets generated.
this might even help you to get a limit increase on that card.

I always clear my entire bill before bill generation. My bill gets generated on 15th of every month. I anyway going to pay before 15th of October. I wanted to make sure. Thanks.