HDFC Reporting to CIBIL Every WEEK!

[shrewdoc]

I have noticed for the last 20-25 days, HDFC has been reporting to CIBIL every week starting from:

23 Nov → 30 Nov → 7 Dec

Previously HDFC used to report ONCE on month-end ie. on 30/31 of every month.

This is even faster and earlier than the RBI new guidelines of biweekly reporting w.e.f. 1 Jan, 2025:

https://www.livemint.com/money/personal-finance/banks-to-report-credit-card-data-to-cics-biweekly-how-will-it-impact-you-and-banks-rbi-nbfcs-cibil-credit-score-11729670913868.html

My CIBIL is going all over the place ±10-12 points because of this as it deducts 10 points for any amount due in credit cards compared to Max Score when all dues are cleared.

So now, prepaying won't help much. It would be interesting to see if other banks follow suit, and it's implications on our credit score. I guess, CIBIL scoring mechanism would be needing a few tweaks now if this trend continues.

Is it the same for everyone? What are your thoughts on this?

 

[SSV]

Today itself I used hdfc Swiggy for 20k only, my question is will they report it's transaction on 30th dec or some other date? I have exhausted all my DC limits to clear bills & get some cb/rps to use this month but if they will be reporting on 30th then I will clear it today only. Can anyone advise on this?

HDFC is reporting its balances weekly once for many users.. for some users may be once a fortnight / monthly. come Jan1 everyone's will be reported weekly once, in my view.

as far as your question is concerned , your balances will be reported as on Dec 31st..

what was your last reporting date?

 

[Everybody]

HDFC is reporting its balances weekly once for many users.. for some users may be once a fortnight / monthly. come Jan1 everyone's will be reported weekly once, in my view.

as far as your question is concerned , your balances will be reported as on Dec 31st..

what was your last reporting date?

Weekly for me as well. It wasn't earlier. Probably for everyone it will be weekly.

 

[H4CK_H0PP3R]

HDFC is reporting its balances weekly once for many users.. for some users may be once a fortnight / monthly. come Jan1 everyone's will be reported weekly once, in my view.

as far as your question is concerned , your balances will be reported as on Dec 31st..

what was your last reporting date?

Thanks then I will clear my Swiggy cc bill by today only to avoid reporting, can you also confirm if you know any info of reporting for federal & sbi ? Old thread says bill generation date.

I am not sure where to check reporting, I don't have cibil account, any other way?

 

[SSV]

Thanks then I will clear my Swiggy cc bill by today only to avoid reporting, can you also confirm if you know any info of reporting for federal & sbi ? Old thread says bill generation date.

I am not sure where to check reporting, I don't have cibil account, any other way?

gpay, amzn etc.

 

[SSV]

Thanks then I will clear my Swiggy cc bill by today only to avoid reporting, can you also confirm if you know any info of reporting for federal & sbi ? Old thread says bill generation date.

I am not sure where to check reporting, I don't have cibil account, any other way?

I will inform about SBI cards later in a few weeks time. I dont have Fed cards .. some other members will update abotu that..

all these cards reporting dates will be discussed here in the below thread..

Thread 'New CIBIL reporting frequencies of various banks from Jan 2025'

Dec 23, 2024

Guys,
We already know that the new norms of cibil reporting comes into place w.e.f 1 Jan 2025.
As per the new rules ,the banks and other financial institutions should report outstanding balances of loans and credit card accounts atleast every fortnight. In this regard some banks adopted fortnightly and some adopted weekly reporting.
Let's collate the list of various banks with their frequency of reporting here in this thread..
The following is the list of Banks with their respective frequency and reporting dates in a month:

Weekly ( Four times in a...

• SSV
• banks cibil new reporting
• Replies: 130
• Forum: Credit Score

• 
• 

 

[SSV]

There are some more CCs such as federal & sbi & icici I used around 20% of overall usage but I think we are safe here for these cc unlike hdfc, advice on this too if anyone aware of reporting, Thanks

every bank will report outstanding balances at least once fortnightly from Jan 1 2025..
follow this thread for info in future..

Thread 'New CIBIL reporting frequencies of various banks from Jan 2025'

Dec 23, 2024

Guys,
We already know that the new norms of cibil reporting comes into place w.e.f 1 Jan 2025.
As per the new rules ,the banks and other financial institutions should report outstanding balances of loans and credit card accounts atleast every fortnight. In this regard some banks adopted fortnightly and some adopted weekly reporting.
Let's collate the list of various banks with their frequency of reporting here in this thread..
The following is the list of Banks with their respective frequency and reporting dates in a month:

Weekly ( Four times in a...

• SSV
• banks cibil new reporting
• Replies: 130
• Forum: Credit Score

• 
• 

 

[H4CK_H0PP3R]

gpay, amzn etc.

Sorry on gpay where we can see exact date? I can see only month under "credit usage" I can see december for hdfc & sbi in gpay (last updated by bureau)

 

[SSV]

Sorry on gpay where we can see exact date? I can see only month under "credit usage" I can see december for hdfc & sbi in gpay (last updated by bureau)

sorry, it may not have the reprting dates.. I was just talking about CIBIL report in general..
I dont use any of those apps for my CIBIL report as I have official CIBIL subscription..

 

[H4CK_H0PP3R]

sorry, it may not have the reprting dates.. I was just talking about CIBIL report in general..
I dont use any of those apps for my CIBIL report as I have official CIBIL subscription..

No problem, let see if we will get clear picture in few weeks & from other members input. Thanks for this useful thread, I am glad it got noticed on correct time.

 

[iamdhamo]

Can one have a cibil score over 850?

 

[BVCBVC is verified member.]

What is the use? My Infinia is not there in my CIBIL account. I have been asking them for the past 3 months and no use 🤣 🤣

Finally after 3 months of war with HDFC Imperia team, HDFC Infinia team and Grievance team finally Infinia reflecting in CIBIL account .

 

[Nishan11]

Finally after 3 months of war with HDFC Imperia team, HDFC Infinia team and Grievance team finally Infinia reflecting in CIBIL account .

Congratulations 🥳 🎊

 

[Nishan11]

@BVC You got Infinia ....so tata bye bye to limited edition super premium Times Black card ?

 

[BVCBVC is verified member.]

Congratulations 🥳 🎊

HDFC be like remove account, create all this nonsense stuff and finally problem solved and give feedback. 😂😂

 

[BVCBVC is verified member.]

@BVC You got Infinia ....so tata bye bye to limited edition super premium Times Black card ?

I got it a year back. Just go through my journey.

Thread 'HDFC Infinia Journey - Money Back (2012) -> Dormant (2014) -> Tata Neu (2023) -> Infinia (2024)'
https://www.technofino.in/community...ormant-2014-tata-neu-2023-infinia-2024.22998/

 

[tachniki]

Sorry on gpay where we can see exact date? I can see only month under "credit usage" I can see december for hdfc & sbi in gpay (last updated by bureau)

Amazon and ICICI wealth gives full report. Also, you may get one report free a year from CIBIL directly.

 

[iamdhamo]

Welcome to the super premium card club

I got it a year back. Just go through my journey.

Thread 'HDFC Infinia Journey - Money Back (2012) -> Dormant (2014) -> Tata Neu (2023) -> Infinia (2024)'
https://www.technofino.in/community...ormant-2014-tata-neu-2023-infinia-2024.22998/

 

[2025]

Wow what a timing for RBI to start this specially when my usage from 0.3% increased to almost 20% this month on overall usage. Ofcourse there is some reason of (₹₹₹) so I had to use it & I know cibil score may hit with some +- points, my current cibil is 802, What I am doing is making payments as same as @SSV in 1-2 days but only difference is I was considering bill generation date as well like which is most important. Today itself I used hdfc Swiggy for 20k only, my question is will they report it's transaction on 30th dec or some other date? I have exhausted all my DC limits to clear bills & get some cb/rps to use this month but if they will be reporting on 30th then I will clear it today only. Can anyone advise on this?

There are some more CCs such as federal & sbi & icici I used around 20% of overall usage but I think we are safe here for these cc unlike hdfc, advice on this too if anyone aware of reporting, Thanks

As of now only HDFC has implemented weekly reporting. None others out of the following.
For me,
SBI - Same as it was (reporting date 26 Dec for billing date 3rd)
Axis - Same as it was (30th Nov - Month End, sometime they report on billing date also)
Onecard - Same (on billing date, sometime skip reporting)
ICICI - Same (on billing date, earlier they used to report once in two months but now every month)
AU - Same (last date of the month)

 

[SSV]

As of now only HDFC has implemented weekly reporting. None others out of the following.
For me,
SBI - Same as it was (reporting date 26 Dec for billing date 3rd)
Axis - Same as it was (30th Nov - Month End, sometime they report on billing date also)
Onecard - Same (on billing date, sometime skip reporting)
ICICI - Same (on billing date, earlier they used to report once in two months but now every month)
AU - Same (last date of the month)

beacuse the rule starts from Jan 1.. only HDFC reacted pro-actively..
by Jan30, we will know all the Banks frequencies.. I expect 90% of the banks to follow fortnightly reporting atleast initially.. may be after sometime more may opt for weekly..

 

[avis_]

Yes,.I usually pay my CC amount around 2 to 3 days after transactions.. this is my habit

How do you pre pay your credit bills. I am getting no bills due on all apps almost.