What is your 💳 score?

[Credit Karma]

Share your credit score along with number of years since your first account opened (doesn't matter if it is closed currently)

Update March 2023

CIBIL - 738
Experian - 802
Equifax - 702
CRIF - 560

Credit History - 1.75 Years

 

[yoloof]

CIBI - 785 / CRIF - 792 / Equifax - 721 / Experian - 890

Never a late payment in the last 13-years.

However, no matter what I try, my CIBIL score never crosses 788. It goes to 788 and then magically drops to 783. Then goes up and again drops. All I have are credit cards, secured overdraft facilities and BNPLs.

Close the BNPLs and see if the score climbs. BNPL's, if my understanding is right, are basically personal loans and credit bureaus do not like personal loans that much.

 

[fatehbajwa]

Interesting permutations and combinations above.

This is my current status.


CIBIL 786
Experian 827
Crif 784
Equifax 725
Credit History 27 Years
Active CC 27
Closed CC 22
Active Loans 2
Closed Loans 10

 

[suhailmz]

Mine cibil 800, 6 years credit history and bought 6-7 cards this year, prior to that only 1 card

What’s your credit utilisation?

 

[suhailmz]

What should be the ideal time gap between applying for credit cards? I got the Amex card in Dec 2022 and hence an enquiry was done by Amex. Considering the hard enquiry impact and addition of new accounts, is it safe to apply for another card now or wait for few months. My CIBIL is 765 as of today and my target is 800. Hence, worried about the negative impact. Please help.

 

[vip3rc5]

What should be the ideal time gap between applying for credit cards? I got the Amex card in Dec 2022 and hence an enquiry was done by Amex. Considering the hard enquiry impact and addition of new accounts, is it safe to apply for another card now or wait for few months. My CIBIL is 765 as of today and my target is 800. Hence, worried about the negative impact. Please help.

I applied 3 cards almost back to back - Amex, IDFC & BOB - All approved in one go. And my CIBIL Score got decreased by 1 point to 785.
Though my utilization was less than 1% as I have habit of paying of Credit Card bill as soon as using it. Still I would suggest to wait for at least 2 3 months before applying a new CC

 

[luckymurari]

What should be the ideal time gap between applying for credit cards? I got the Amex card in Dec 2022 and hence an enquiry was done by Amex. Considering the hard enquiry impact and addition of new accounts, is it safe to apply for another card now or wait for few months. My CIBIL is 765 as of today and my target is 800. Hence, worried about the negative impact. Please help.

I applied for 6 cards with ~10 hard inquiries last month. My CIBIL didn't change (so far)

 

[suhailmz]

I applied for 6 cards with ~10 hard inquiries last month. My CIBIL didn't change (so far)

Thanks for sharing

 

[SiddharthR]

I applied for 6 cards with ~10 hard inquiries last month.

Woah!

My CIBIL didn't change (so far)

Will definitely go down if just one is rejected

 

[Tosh]

Accept/reject shouldn't affect the credit score once the enquiry is done it's done.

However opening new accounts post being eligible is something that can change the score once it's reported to cibil

I may be wrong though, hope someone can confirm.

 

[luckymurari]

Woah!

Will definitely go down if just one is rejected

All those enquiries were approved.


Applied for Magnus this month and got 2 rejects (Axis Magnus - due to entry error) before getting accepted in third attempt- will wait for next month to see the impact. My CIBIL is at 809 currently.

 

[HB25]

Accept/reject shouldn't affect the credit score once the enquiry is done it's done.

However opening new accounts post being eligible is something that can change the score once it's reported to cibil

I may be wrong though, hope someone can confirm.

Exactly this. Many people think if bank rejects their cc application it will affect their credit score negatively.
Enquiry will have the same impact, got nothing to do with approval or rejection.

 

[sachinvenga]

Exactly this. Many people think if bank rejects their cc application it will affect their credit score negatively.
Enquiry will have the same impact, got nothing to do with approval or rejection.

Yes, u r right

 

[CVR]

i am unable to login into my cibil account. When i click on forgot username and forgot password i am not getting email to reset it. When i try to create a new account it says account already exists. Emailed cibil, no reply from them.

What can I do here? As of now using Onescore for checking score but will prefer using Cibil directly.

 

[thekirang]

790

 

[Harshal]

I need an advice, I have a lazypay account and so far I have made all payments on time, but now I do not use the account specifically, I only use ₹10 every month and pay.So should I increase the on time payment like this or should I close this account because it shows personal loan in cibil, will the cibil score go down by closing it?

 

[roshancc]

Exactly this. Many people think if bank rejects their cc application it will affect their credit score negatively.
Enquiry will have the same impact, got nothing to do with approval or rejection.

I have seen recently every 2–3-year cycle enquiries get removed automatically .

 

[luckymurari]

Will effect exactly after 12 months.

View attachment 9219

My Score was 796 in Oct'21, applied 3 cards in that month.

792 - 790 between Oct'21 - Sep'22 (usual no reduction in score).

On Oct'22, score dropped to 758.

After escalation with CIBIL came to know that first 12 months they only look for payment history, CUR and after that approved limit, risk ratio, number of cards added etc. comes into picture.

Let me know, howz urs within next 12 months.

Note: If it doesn't reduce immediately doesn't mean no impact, one single attempt enough to drop all points.

My utilization under 5%, no defaults, nothing went wrong compared to earlier years. Just these 3 accounts dragged 30 points (previously I apply 1 in every year, this time 3 that too single month).

Wow. 12 months is too long a time to see the impact. Weird logic from them but helps me to get these inquiries removed - at least ofr rejects

 

[CVR]

i am unable to login into my cibil account. When i click on forgot username and forgot password i am not getting email to reset it. When i try to create a new account it says account already exists. Emailed cibil, no reply from them.

What can I do here? As of now using Onescore for checking score but will prefer using Cibil directly.

any help on this?

 

[Credit Karma]

Close the BNPLs and see if the score climbs. BNPL's, if my understanding is right, are basically personal loans and credit bureaus do not like personal loans that much.

Usually it depends on the service provider. Like Amazon Pay Later gives their services as "consumer loan" but I think the credit scoring algorithm considers this as a personal loan.

If one does not have any CC or no other means to get their score going. These pay later can be used with a lot of caution.

I have Amazon Pay later, and I repay the amount then and there. No carry forward.

I'm planning to use this for a year or so and then close it.

Hope this helps.

 

[Credit Karma]

Will effect exactly after 12 months.

View attachment 9219

My Score was 796 in Oct'21, applied 3 cards in that month.

792 - 790 between Oct'21 - Sep'22 (usual no reduction in score).

On Oct'22, score dropped to 758.

After escalation with CIBIL came to know that first 12 months they only look for payment history, CUR and after that approved limit, risk ratio, number of cards added etc. comes into picture.

Let me know, howz urs within next 12 months.

Note: If it doesn't reduce immediately doesn't mean no impact, one single attempt enough to drop all points.

My utilization under 5%, no defaults, nothing went wrong compared to earlier years. Just these 3 accounts dragged 30 points (previously I apply 1 in every year, this time 3 that too single month).

Can you please share the whole reply from the CIBIL and to what query did they answer specifically?