Incorrect credit limit of HDFC CC in CIBIL report

[adityanatu]

Recently got hdfc credit card with 45k limit , today i checked my credit report on onescore app , it shows 25k limit. How can i rectify that ? While reporting on cibil website it ask for control no ?
Also on cred which shows Equifax report , it is not showing my amazon cc which is there in onescore app from 3-4 months. How can i solve this ?

 

[adityanatu]

Is this the correct way, should i mention my cards last 4 digit as last time I sent mail they asked for account number ?

 

[ashwinkashwink is verified member.]

Recently got hdfc credit card with 45k limit , today i checked my credit report on onescore app , it shows 25k limit. How can i rectify that ? While reporting on cibil website it ask for control no ?
Also on cred which shows Equifax report , it is not showing my amazon cc which is there in onescore app from 3-4 months. How can i solve this ?

Cred shows equifax report?

 

[007]

Recently got hdfc credit card with 45k limit , today i checked my credit report on onescore app , it shows 25k limit. How can i rectify that ? While reporting on cibil website it ask for control no ?
Also on cred which shows Equifax report , it is not showing my amazon cc which is there in onescore app from 3-4 months. How can i solve this ?

1. HDFC doesn't report actual credit limit but only the max utilized credit limit. So if used it upto 25K, only 25K will show in credit reports not 45K.

2. Bureaus can take upto 6 months to reflect changes. Still you can try raising a dispute through this:

File a Dispute on Your Equifax Credit Report | Equifax®

If you believe your Equifax credit report is incomplete or inaccurate you can file a dispute. Learn how to dispute your Equifax credit report.

www.equifax.com

3. Yes, you should mention last 4 digits of your card.

 

[adityanatu]

Cred shows equifax report?

For me it's Equifax

 

[rjsudeep]

Recently got hdfc credit card with 45k limit , today i checked my credit report on onescore app , it shows 25k limit. How can i rectify that ? While reporting on cibil website it ask for control no ?
Also on cred which shows Equifax report , it is not showing my amazon cc which is there in onescore app from 3-4 months. How can i solve this ?

Simple, HDFC shows only max utilization.

 

[gurubhai]

1. HDFC doesn't report actual credit limit but only the max utilized credit limit. So if used it upto 25K, only 25K will show in credit reports not 45K.

2. Bureaus can take upto 6 months to reflect changes. Still you can try raising a dispute through this:

File a Dispute on Your Equifax Credit Report | Equifax®

If you believe your Equifax credit report is incomplete or inaccurate you can file a dispute. Learn how to dispute your Equifax credit report.

www.equifax.com

3. Yes, you should mention last 4 digits of your card.

So is it advisable to keep my 1 expenditure very high on HDFC CC so that it will be set as limit?
Asking because my card just got upgraded . 😅
How to get best out of worst in this situation?

 

[rjsudeep]

So is it advisable to keep my 1 expenditure very high on HDFC CC so that it will be set as limit?
Asking because my card just got upgraded . 😅
How to get best out of worst in this situation?

Honestly, I don't think it matters much. Use it as much as you require it, and you should be good to go.

 

[007]

So is it advisable to keep my 1 expenditure very high on HDFC CC so that it will be set as limit?
Asking because my card just got upgraded . 😅
How to get best out of worst in this situation?

Yup do good amount of spending for once, I did the same. It will normalize the credit utilization for future spends. It might impact your credit score for once if you don't have multiple cards with good credit limit. Also don't clear the outstanding till month end (as HDFC reports at month end).

 

[gurubhai]

Yup do good amount of spending for once, I did the same. It will normalize the credit utilization for future spends. It might impact your credit score for once if you don't have multiple cards with good credit limit. Also don't clear the outstanding till month end (as HDFC reports at month end).

I only have 1 cc as of now that is HDFC. I have applied for one more card and hoping it to have a good limit.
Shall I wait for that card and then do a lumsum spend on my HDFC card? 😅
Or is it the first spend that matters here with HDFC?
Because i got it last month only and HDFC might have reported the spend around 31st Aug.

 

[007]

I only have 1 cc as of now that is HDFC. I have applied for one more card and hoping it to have a good limit.
Shall I wait for that card and then do a lumsum spend on my HDFC card? 😅
Or is it the first spend that matters here with HDFC?
Because i got it last month only and HDFC might have reported the spend around 31st Aug.

In that case you should wait until both CCs show up on the credit report. After that do the spend on HDFC CC (doesn't need to be the first spend).

 

[rjsudeep]

In that case you should wait until both CCs show up on the credit report. After that do the spend on HDFC CC (doesn't need to be the first spend).

Yes, because utilization will have a impact on the credit score, even if it is temporary.

 

[adityanatu]

1. HDFC doesn't report actual credit limit but only the max utilized credit limit. So if used it upto 25K, only 25K will show in credit reports not 45K.

2. Bureaus can take upto 6 months to reflect changes. Still you can try raising a dispute through this:

File a Dispute on Your Equifax Credit Report | Equifax®

If you believe your Equifax credit report is incomplete or inaccurate you can file a dispute. Learn how to dispute your Equifax credit report.

www.equifax.com

3. Yes, you should mention last 4 digits of your card.

Thank you sir , but i have used about 35-36k to meet ltf spend criteria? But they reported only 25k , is it because of early payment ?

 

[007]

Thank you sir , but i have used about 35-36k to meet ltf spend criteria? But they reported only 25k , is it because of early payment ?

Yes. The outstanding amount at month end is reported by HDFC.

 

[gurubhai]

Yes. The outstanding amount at month end is reported by HDFC.

So basically one should prepay before month end to reduce utilisation right? not before bill generation date?

 

[007]

So basically one should prepay before month end to reduce utilisation right? not before bill generation date?

Correct!

 

[kejriwal]

So basically one should prepay before month end to reduce utilisation right? not before bill generation date?

Some banks do have a policy of reporting to credit beauru on the day of statement generation and not month end