HDFC will start reporting Total Credit Limit from May, 2023

HDFC will start reporting the Total Credit Limit instead of Utilized Limit from May 2023.



P.s. - Previously, HDFC was not reporting total credit limit to Credit Bureau. Due to this, usage calculation was high which wasn't true & lt led down the user's credit score.

This is really a relief to customers 😍😊.

Source: Click here

 

[great]

My utilisation will move from 100% to 10% now ...

 

[gabu]

Thanks to @TechnoFino for posting the video and spreading the awareness.

 

[Subhajeet]

post the same multiple emails were send by many users to the management and finally they have taken the much needed steps cheers to all similarly axis has done the posting of bill payment much faster previously it took 3 days and now just a day and also hdfc cash back posting rate has improved a lot we should ask them as stated by sumanta sir rightly then only they would work else not much changes are yet to be implemented and comming soon for hdfc lets hope for the best in customer centric era they are not best but good as staed and pointed rightly by md

 

[Subhajeet]

thanks for the informative videos and useful insights been provided to us by Sumana da and technofino which helps us and creates a financial literacy and discipline in us as well, long live technofino.

 

[rish_s]

May 2023 is already over. Does anyone with HDFC card see the original limit being disclosed in their credit report? As HDFC reports credit limit at the end of the month so someone can confirm if that's being happening.

 

[anirban.choudhuryanirban.choudhury is verified member.]

May 2023 is already over. Does anyone with HDFC card see the original limit being disclosed in their credit report? As HDFC reports credit limit at the end of the month so someone can confirm if that's being happening.

Nope
Not yet reported

 

[Bharat]

Checked now .. not reported yet 🤦

 

[D₹V]

It takes time to reflect, even if HDFC have completed their process.

In Axis, they report on month end but that report reflect by next month end. Report date will be same of previous month.

So we never know the exact working process of CIBIL.

May 2023 is already over. Does anyone with HDFC card see the original limit being disclosed in their credit report? As HDFC reports credit limit at the end of the month so someone can confirm if that's being happening.

 

[niranjan0]

May 2023 is already over. Does anyone with HDFC card see the original limit being disclosed in their credit report? As HDFC reports credit limit at the end of the month so someone can confirm if that's being happening.

 

[niranjan0]

Nope, none of the cards aren't showing the total limit

 

[SSV]

It seems this was in works back in April itself as found in one of the youtube videos...
May be it will be soon reflected..

 

[Card_Crafter]

HDFC has reported my actual limit in CIBIL. Just now refreshed and May 31st data is already updated. CIBIL went up 6 points.

HDFC is pretty fast while reporting to bureaus whereas Axis hasn't updated since March 31st.

 

[Card_Crafter]

HDFC has started to report actual credit limit to bureaus. Just now checked my CIBIL the 31st May data is already updated with actual credit limit mentioned in it. CIBIL went up 6 points because of this for me.

Check yours.

 

[D₹V]

Great 😃👌.

HDFC has reported my actual limit in CIBIL. Just now refreshed and May 31st data is already updated. CIBIL went up 6 points.

HDFC is pretty fast while reporting to bureaus whereas Axis hasn't updated since March 31st.

 

[hackymanoj]

Yes, it's reported on my card also

 

[tryabptryabp is verified member.]

Great! This is power of social media and communities like technofino!

 

[Avid_snake]

HDFC has started to report actual credit limit to bureaus. Just now checked my CIBIL the 31st May data is already updated with actual credit limit mentioned in it. CIBIL went up 6 points because of this for me.

Check yours.

Checked CIBIL in Gpay. It is still not showing any credit limit. But score went up by 5 points. Did nothing different this month. So mostly Hdfc has reported but Gpay is not showing

 

[Theron]

Yes they have started showing limit now. Just checked.

 

[Oscar]

HDFC limit is reflected in CIBIL