How and when to prepay for over utilisation before bill generation

[Bharat]

I have made a purchase of 50% of my card limit, but I want to make sure the credit utilisation is under 30%. How and when should I prepay to get the best benefit.

For example
Consider i have only 1 CC with Credit Limit = 1lac (30%=30k), billing cycle is 15th
I made a purchase of 50k on 20th dec.

If i make payment of 21k on 1st to 14th of jan, will it be considered under 30% utilisation or it will be reported to cibil on 31st dec.

 

[CMGCMG is verified member.]

I have made a purchase of 50% of my card limit, but I want to make sure the credit utilisation is under 30%. How and when should I prepay to get the best benefit.

For example
Consider i have only 1 CC with Credit Limit = 1lac (30%=30k), billing cycle is 15th
I made a purchase of 50k on 20th dec.

If i make payment of 21k on 1st to 14th of jan, will it be considered under 30% utilisation or it will be reported to cibil on 31st dec.

depends on the cibil reporting date.

Credit Card CIBIL Reporting Date

Hello everyone, If you are holding multiple credit cards, and wants to keep your credit utilisation ration under 30% then you should know, on which date your card issuers report your card uses data to CIBIL. To know more about how to maintain credit utilisation ratio under 30% or lower watch...

www.technofino.in

 

[WhoU]

Does the cibil get impacted on a per card limit utilization basis or collective limit utilization?

 

[Dr. Drake]

Does the cibil get impacted on a per card limit utilization basis or collective limit utilization?

collective limit utilization