Impact of Holding Multiple Credit Cards from One Bank on Your CIBIL Report

[helloworld]

Bank	Number of Accounts in CIBIL
Standard Chartered	1 account for all cards
ICICI	4 accounts: 1 for Amazon, 1 for Gemstone Cards, 1 for Cobranded, 1 for Emeralde
AXIS	Each card has 1 account*
SBI	Each card has 1 account
AMEX	Each card has 1 account
BOB (Bank of Baroda)	Each card has 1 account
HDFC	Each card has 1 account
RBL	Each card has 1 account
INDUSIND	Each card has 1 account
KOTAK	Each card has 1 account
IDFC	2 accounts: 1 for Core Cards (or Linked UPI Cards), 1 for Cobranded
HSBC	Each card has 1 account
YES	Each card has 1 account
AU	Each card has 1 account
CITI (now its AXIS)	Each card has 1 account

Key Notes:​

• Separate Accounts: Multiple cards from the same bank will show as separate accounts in CIBIL, meaning each card has its own credit limit.
  
  Impact: This increases your overall credit limit, reduces ⬇️ credit utilization, but increases ⬆️ potential debt risk in CIBIL's view.
  
  
  
• Axis Bank: Card upgrades usually apply only if cards have the same reward system or through the retention team. Otherwise, each card is reported as a separate account in CIBIL.
  
  
  
• AU Bank: Upgrades often result in a new card with fresh payment history.

Update if any changes in your bank. TIA!

 

[prc1990]

You need to raise complaint with RBI Ombudsman from https://cms.rbi.org.in/cms/indexpage.html#eng. You need to provide all the necessary details.

 

[coolguy1]

It will be hard to track exact entries because they could differ on a case to case basis.

You applying for a HDFC card while someone else applying for a HDFC card could have different entries based on the source you applied for.
The agent who's applying, the online platforms that was involved, the bank rep that is processing the application.

Additional factors like if you have an account with the bank and the cards you hold with them.
Some people only get one entry per card while another person might get 2-3 entries per card based on the above factors or human error.

 

[helloworld]

It will be hard to track exact entries because they could differ on a case to case basis.

You applying for a HDFC card while someone else applying for a HDFC card could have different entries based on the source you applied for.
The agent who's applying, the online platforms that was involved, the bank rep that is processing the application.

Additional factors like if you have an account with the bank and the cards you hold with them.
Some people only get one entry per card while another person might get 2-3 entries per card based on the above factors or human error.

😀 I'm taking about CIBIL accounts, not enquiries..



Post is about number of account that bank reports in our CIBIL, if we hold multiple cards from them..

Ex:
StanC - Even if you hold 4 cards, there is only 1 account in CIBIL..
Axis - If you hold 4 cards, it will show 4 accounts.

Modified to avoid confusion.

 

[helloworld]

Hey @helloworld please change the word "entry" to "account" in your original post to avoid confusion.

done. any help with some of the banks if you hold multiple cards with them?

 

[Dinnong]

I have two accounts for two kotak credit card.

 

[Pack_of_Cards]

Could someone confirm number of accounts reporting in Cibil for below banks if you hold multiple cards with them?

- IDFC
- YES
- CITI
- AU
- IndusInd
- HSBC
- Kotak

TIA.

IDFC each card 1 account. I think Indusind you have already mentioned.

 

[helloworld]

thanks, let me know hsbc if any has 2 accounts.

 

[Pack_of_Cards]

thanks, let me know hsbc if any has 2 accounts.

Already hold a Platinum card have applied for a HSBC Cashback, will let you knows it is approved and delivered.

 

[helloworld]

@Dr. Drake any idea about HSBC and limits reported in multiple cards in CIBIL as accounts?

 

[Dr. Drake]

@Dr. Drake any idea about HSBC and limits reported in multiple cards in CIBIL as accounts?

No idea I just have platinum in my name & cashback on family

 

[BhaiyaJi]

For me multiple IDFC cards (3) are coming under one single account in credit reports.

 

[helloworld]

For me multiple IDFC cards (3) are coming under one single account in credit reports.

which cards, if you don't mind?

@Pack_of_Cards can you check?

 

[BhaiyaJi]

Select, Wealth, Basic Rupay one

 

[helloworld]

Select, Wealth, Basic Rupay one

is it more than 3 or 4 months since you hold these cards?

 

[BhaiyaJi]

Select Wealth more than a year now, rupay 1-2 months ig

 

[helloworld]

Select Wealth more than a year now, rupay 1-2 months ig

since all are core, maybe they're following ICICI route. thanks for confirming.

@Pack_of_Cards which IDFC cards you have?

 

[BhaiyaJi]

@Dr. Drake any idea about HSBC and limits reported in multiple cards in CIBIL as accounts?

I think multiple HSBC cards will be reflected in credit reports as the account number used in case of HSBC is the credit card number. So a new card with new number means a entry in the report.

 

[helloworld]

Someone who hold multiple cards from same bank, could you confirm how many CIBIL accounts are you seeing in your CIBIL report?

Let me know if any new changes in these banks or any other you have? TIA

 

[hks789]

BoB - Separate account
Idfc - Separate unless its a digital rupay card