Questions about your credit cards that I am curious about!!

[AsB]

Here goes :-

1. What is the percentage of your credit limit usage compared to the total credit limit (approx. value- like if your total limit is Rs 1,00,000 and your usage is 50,000, then your percentage would be 50% ) ?
2. Where do you spend from your cards in most cases (Hotel, Online shopping, Travel , etc.) ?
3. How many cards do you have (add-on does not count)?
4. Do you use all of them for significant amounts (not just adding Re 1 or 2 , only for using per se, rather using it for good)

 

[SiddharthR]

1. 30% credit utilization is good
2. LIC Payment and grocery
3. 2 💳💳
4.No

 

[kunaljn91]

1. Most cases, I try to keep them around 40% but if there are milestone benefits attached then I don't hesitate to burn the entire limit😂👀
2. Majorly, Rent Payments and insurance, though I try to use wherever possible
3. 12 cards
4. No

 

[SiddharthR]

1. Most cases, I try to keep them around 40% but if there are milestone benefits attached then I don't hesitate to burn the entire limit😂👀
2. Majorly, Rent Payments and insurance, though I try to use wherever possible
3. 12 cards
4. No

Burning whole limit causes decline in CIBIL,
I have experienced it

 

[kunaljn91]

Burning whole limit causes decline in CIBIL,
I have experienced it

Though, I haven’t faced it yet! Touch wood! Possible reason might be that I usually pay even before the bill generation.