Should I apply for 3rd card?

[Sagar]

Hi All,
In a time span of 1 month I applied for 2 credit cards and both got approved with a 2lack+ limit. I want to apply for the other 2 credit cards as well. will it affect my cibil score? I am planning to apply for a home loan in the next couple of months and don't want to create a negative impact on my cibil score.

 

[V5689]

Did not affect for me... Applied for ICICI and BOB credit card last month and both got approved. My cibil score did not change.
I got 2 hard enquiries from BOB and 1 from ICICI in the last 2 months.

But Cibil being cibil I wouldn't take too many chances unless its really a necessity

 

[Sagar]

@anirbanm @V5689 generally it takes 4 months to update your cibil score (as per a note in cred application). However I am not sure how long it takes to reflect. Please correct me here.

 

[V5689]

The hard enquiries are almost always updated on a daily basis into Cibil from my experience.
The other stuff like payment history and stuff gets updated 1 month or 2 months delayed.
It again depends on from bank to bank, when they send the details to Cibil.
For e.g Amex does it pretty fast and I can always see amex payment details of 1 month back updated to cibil