HDFC not reporting credit limit to CIBIL

[CC_Fetish]

Is it just me or are others noticing that banks are not reporting the credit card balances to CIBIL every month. I think they are doing it bi-monthly now. Most of my credit card accounts show reported month of Jan.
P.S. I have cibil membership. So i keep checking my report bi-weekly.

 

[Ankit Goyal]

I observed the same

 

[SubhankarSubhankar is verified member.]

Is it just me or are others noticing that banks are not reporting the credit card balances to CIBIL every month. I think they are doing it bi-monthly now. Most of my credit card accounts show reported month of Jan.
P.S. I have cibil membership. So i keep checking my report bi-weekly.

This has been practiced for a pretty long time. SBI is pioneer in it, sometimes they just refuse to report. The forever lunch time continues.... 🙂

 

[prc1990]

Hello Experts,

I heard from multiple sources that HDFC Bank doesn't report their customers' credit limit to the credit bureaus (per their internal policy) resulting in reporting high credit utilisation in CIBIL/CRIF/EXPERIAN/EQUIFAX etc.

I'm yet to own a card from HDFC and unable to verify this fact personally.

Can long time HDFC Card holders please explain and share some insights on this for me to understand how much true this is and what are the best practices you are already following to overcome this unpleasant situation caused by HDFC?

 

[prc1990]

It doesn't really matter

Can you please share the rationale for that? Just trying to understand.

 

[mukundstud]

A disadvantage to this practice of HDFC for its customers can be that when banks like IDFC try to check credit limit of customer through his/her credit report, they will be unavailable to offer him/her suitable card without the income proof. My mother was offered an IDFC card without any income proof probably because the credit limit of her Amazon Pay ICICI card was reflecting in her CIBIL report.

 

[prc1990]

A disadvantage to this practice of HDFC for its customers can be that when banks like IDFC try to check credit limit of customer through his/her credit report, they will be unavailable to offer him/her suitable card without the income proof. My mother was offered an IDFC card without any income proof probably because the credit limit of her Amazon Pay ICICI card was reflecting in her CIBIL report.

So this is true right? I meant HDFC doesn't report credit limits to the credit bureaus right?

 

[pratikjain4]

Which app is the above screenshot from?

 

[Vasishta Nagalla]

Which app is the above screenshot from?

One Score app, by one card

 

[prc1990]

View attachment 308View attachment 309

Thanks Anirban for sharing the screenshots. Please update this thread if you see any negative impact in your score due to this incomplete reporting by HDFC.

 

[Akashgod]

I would say not reporting credit limit is just to tell ppl to continue to spend more. As 30% is not considered. Further based on ur cibil score and mix of other loans, showing credit limit definitely helps in boosting it. It depends on 1 to 1 basis on overall outstanding of debt.

 

[Aditikpurohit]

Hello Experts,

I heard from multiple sources that HDFC Bank doesn't report their customers' credit limit to the credit bureaus (per their internal policy) resulting in reporting high credit utilisation in CIBIL/CRIF/EXPERIAN/EQUIFAX etc.

I'm yet to own a card from HDFC and unable to verify this fact personally.

Can long time HDFC Card holders please explain and share some insights on this for me to understand how much true this is and what are the best practices you are already following to overcome this unpleasant situation caused by HDFC?

They report it to cibil

 

[prc1990]

They report it to cibil

They report your account but not the credit limit I believe.

 

[Aditikpurohit]

They report your account but not the credit limit I believe.

They report everything
From current balance to credit limit everything is reported to cibil

 

[prc1990]

They report everything
From current balance to credit limit everything is reported to cibil

Would you mind sharing a snapshot by masking sensitive info?

 

[souvikdey2002]

Would you mind sharing a snapshot by masking sensitive info?

Guys,
I had a tough fight with them for the same concern exactly.
Yes they have given me in writing that they don't report the Credit Limit to any Credit Bureau, instead the maximum utilized limit is being reported.
I had even taken this matter to their highest escalation point stating the issue for C2C basis applications as well as the issue of Higher Credit Utilization ratio.

But they are very strict & stringent in this matter, I really don't know why but yes they are like this.

 

[prc1990]

Guys,
I had a tough fight with them for the same concern exactly.
Yes they have given me in writing that they don't report the Credit Limit to any Credit Bureau, instead the maximum utilized limit is being reported.
I had even taken this matter to their highest escalation point stating the issue for C2C basis applications as well as the issue of Higher Credit Utilization ratio.

But they are very strict & stringent in this matter, I really don't know why but yes they are like this.

Yes 90% people reported they don't see their card limit in credit bureau reports whereas 10% people confirmed they can see. I'm bit confused here 🥲.

 

[souvikdey2002]

Yes 90% people reported they don't see their card limit in credit bureau reports whereas 10% people confirmed they can see. I'm bit confused here 🥲.

Could be one point that if you don't upgrade your card you will be able see.
For reference when I was using Regalia it was visible but after upgrading to DCB it is coming as "--" in the Credit Limit.
Not sure if the theory is correct.

 

[prc1990]

Could be one point that if you don't upgrade your card you will be able see.
For reference when I was using Regalia it was visible but after upgrading to DCB it is coming as "--" in the Credit Limit.
Not sure if the theory is correct.

Ok if we keep aside all these things and try to focus more on the impact on the score, then how do you see that? Is that contributing >30% utilisation even if it is less than so?

 

[mukundstud]

Maybe they don't want people to only utilise 30% of limit but to give freedom for using upto 100%, I think. Hence they don't report the utilisation ratio.

I agree with you. Not reporting your credit limit can be an advantageous to people who rely on one Credit Card and typically max out its limit. I think that there are more advantages than disadvantages for not reporting your credit limit. On applying for a CC on C2C basis, banks typically ask for present CC statement which anyway contains your Credit Limit.