Tata Neu and Cibil.

[yashbhavnani]

Can anyone please clarify that:
For existing HDFC credit card holders; Is Tata Neu card reported to cibil as a different card?

 

[CMGCMG is verified member.]

Yes

 

[yashbhavnani]

Yes

So, let’s say if the shared limit is 10L between Infinia and Neu infinite, then does it show 2 cards with 10L limit each?

 

[CMGCMG is verified member.]

So, let’s say if the shared limit is 10L between Infinia and Neu infinite, then does it show 2 cards with 10L limit each?

HDFC doesn't share credit limit with credit reporting agencies like CIBIL.

 

[yashbhavnani]

HDFC doesn't share credit limit with credit reporting agencies like CIBIL.

Yes, but it does share something called the“sanctioned amount “. Isn’t it the almost the same thing?

 

[akshayhs]

Yes, but it does share something called the“sanctioned amount “. Isn’t it the almost the same thing?

No. If I use 2k out of a limit of 100k this month, then at the end of this month, HDFC reports 2k as sanctioned amount to bureaus.

 

[yashbhavnani]

No. If I use 2k out of a limit of 100k this month, then at the end of this month, HDFC reports 2k as sanctioned amount to bureaus.

Well, in my infinia’s case, the sanctioned amount reflecting in cibil is the same every month which also is the credit limit. On the contrary, the current balance field is what varies every month which is the monthly payment due.

Also, the credit limit field always carries a hyphen. So, in my case at least, in a weird way HDFC doesn’t and at the same time does report the credit limit.