Query regarding credit utilisation

[naveenkb]

HI all, have a query regarding credit utilisation I have total of 7 credit cards with ~20l limit on all combined but sbi cashback card only has a limit of 50k, I want to spend 40k on it this month would this be bad for credit score as I'm utilising 80% of that card or is it calculated on total limit (used less than 50k on remaining cards this month).

 

[rayhan12]

High amount of unsecured credit always has problem while applying loans

Can you please elaborate ?

 

[Digvijay]

HI all, have a query regarding credit utilisation I have total of 7 credit cards with ~20l limit on all combined but sbi cashback card only has a limit of 50k, I want to spend 40k on it this month would this be bad for credit score as I'm utilising 80% of that card or is it calculated on total limit (used less than 50k on remaining cards this month).

Individual account utilization and combined credit utilization, both are considered. Should not affect much if it's one time and you're going to pay in full.