I have HDFC bank credit card. These limit. 1.5 lakh but my cibil show 15000 (15k) So what is do fix my cibil issue

[Geekyarmaan]

I have HDFC bank credit card. These limit. 1.5 lakh but my cibil show 15000 (15k) So what is do fix my cibil issue

 

[vaibhav111vaibhav111 is verified member.]

are you sure it in cibil and not in experian report, cause hdfc in Experian report mentioned 1/3 of the actual limit?

 

[Geekyarmaan]

are you sure it in cibil and not in experian report, cause hdfc in Experian report mentioned 1/3 of the actual limit?

What I do now.

 

[Geekyarmaan]

are you sure it in cibil and not in experian report, cause hdfc in Experian report mentioned 1/3 of the actual limit?

Yes I'm sure

 

[Venky]

HDFC doesn’t share your credit card limit with Cibil and other bureaus so it just shows the highest amount that has been used by you in one statement.

 

[Geekyarmaan]

Seen this

 

[BUDHRAJ]

check in cibil report that when does hdfc report your data in cibil mostly it will be last day of every month (check date reported under your card details) and then just use your card as much as you want to show your limit upto your real credit limit and then that used limit as on last day of month will be reported to cibil as your utilised limit...

try only if your bill generation date is not end or start of month..

your cibil will be effected for a month or two because of more utilised limit shown in cibil
so if you have other cards that has good limit then you can try otherwise leave it

 

[Chupaxabra]

CIBIL doesn't count credit utilization of cards that don't report the credit limit. Don't worry.

 

[arunb248]

CIBIL doesn't count credit utilization of cards that don't report the credit limit. Don't worry.

They do consider based on the highest utilization.

 

[Chupaxabra]

They do consider based on the highest utilization.

This is a myth, it has been debunked. CIBIL follows the same calculation method here as TransUnion does in U.S. If a bank doesn't report the credit limit of a card, then CIBIL will exclude that card from calculation of overall credit utilization.

 

[Sudarshan61]

Simple solution...in one of the month utilise your 100% limit..
It helps in long run

 

[Geekyarmaan]

are you sure it in cibil and not in experian report, cause hdfc in Experian report mentioned 1/3 of the actual limit?

How to fix

 

[arunb248]

This is a myth, it has been debunked. CIBIL follows the same calculation method here as TransUnion does in U.S. If a bank doesn't report the credit limit of a card, then CIBIL will exclude that card from calculation of overall credit utilization.

Bro trust me. I personally faced such situation. I used to have only HDFC card later by realizing the situation I applied for other bank card. Then only my cibil started boosting. Until I get a new new card my cibil utilization calculated based on the high credit utilization of my hdfc card only.

 

[Geekyarmaan]

Bro trust me. I personally faced such situation. I used to have only HDFC card later by realizing the situation I applied for other bank card. Then only my cibil started boosting. Until I get a new new card my cibil utilization calculated based on the high credit utilization of my hdfc card only.

Bro same here i have only hdfc card

 

[arunb248]

Bro same here i have only hdfc card

I suggest you to quickly apply for Amazon pay card. Which is going to solve the cibil issue if you get good credit limit.

 

[Manoj Pant]

Purchase 1.5 L item from Amazon 1 day before end of the month....& cancel it on 1st of next month ... whole 1.5 L credit will reflect on CIBIL.

 

[arunb248]

Purchase 1.5 L item from Amazon 1 day before end of the month....& cancel it on 1st of next month ... whole 1.5 L credit will reflect on CIBIL.

Kudos

 

[Card_Crafter]

Purchase 1.5 L item from Amazon 1 day before end of the month....& cancel it on 1st of next month ... whole 1.5 L credit will reflect on CIBIL.

Will there be any negative impact on my Amazon profile if I place a high value dummy order?

 

[arunb248]

Will there be any negative impact on my Amazon profile if I place a high value dummy order?

If you do such things too many times... Yes. One time i don't think there won't be any impact.