Credit Utilization Query

[CarbonLogic]

Hey Folks

Since 6 months I have had the Utkarsh Bank x Supermoney FD backed card. Made an FD for 10k, got credit limit of 9k (90%) and I have been keeping my credit utilization under 30% which is under 2700 INR

Now with Gods grace I managed to get ICICI Apay CC with a credit limit of 50k. As I understand credit utilization takes into account my total credit limit across all credit lines, do correct me if I am wrong. So applying that logic my total credit limit is now 50k+9k = 59k and keeping my utilization under 30% would mean keeping expense under 17700 INR.

Supercard billing date is 1st of every month
ICICI Apay card billing is 12th of every month, I wanted to change this to 1st of every month, however upon checking in the iMobile app, the closest date it is giving me is 2nd of September. Is it possible to get 1st of a month if I wait for a while?

Heres my query:
So now when Supercard reports to say CIBIL after I pay the due bill on 1st, how is the utilization calculated here? Assume I have spent just 1000 INR on both Supercard and Apay ICICI.

1. Is the utilization taken individually per credit account? In this case I would have to stay under 30% for the respective credit limits supercard and apay card
2. Or is the utilization taken in combination? In this case it wouldnt matter if I used up the entire 9k of Supercard and stayed under 17700 total when using Apay card

Thanks!

 

[praful1947]

Hey Folks

Since 6 months I have had the Utkarsh Bank x Supermoney FD backed card. Made an FD for 10k, got credit limit of 9k (90%) and I have been keeping my credit utilization under 30% which is under 2700 INR

Now with Gods grace I managed to get ICICI Apay CC with a credit limit of 50k. As I understand credit utilization takes into account my total credit limit across all credit lines, do correct me if I am wrong. So applying that logic my total credit limit is now 50k+9k = 59k and keeping my utilization under 30% would mean keeping expense under 17700 INR.

Supercard billing date is 1st of every month
ICICI Apay card billing is 12th of every month, I wanted to change this to 1st of every month, however upon checking in the iMobile app, the closest date it is giving me is 2nd of September. Is it possible to get 1st of a month if I wait for a while?

Heres my query:
So now when Supercard reports to say CIBIL after I pay the due bill on 1st, how is the utilization calculated here? Assume I have spent just 1000 INR on both Supercard and Apay ICICI.

1. Is the utilization taken individually per credit account? In this case I would have to stay under 30% for the respective credit limits supercard and apay card
2. Or is the utilization taken in combination? In this case it wouldnt matter if I used up the entire 9k of Supercard and stayed under 17700 total when using Apay card

Thanks!

Keep your each card utilisation below 30%
Supermoney 2700 and apay separately.

 

[cardy]

Utilisation checked individually as well as overall.
So you have to stay under 30% in both the cards individually for a good cibil score , which will automatically keep the overall utilisation under check.

Though once in a while if you need for genuine reason there's no problem in utilising more, it'll just make your cibil score slightly lower. But if you make on time payments it'll go up next cycle.

 

[CarbonLogic]

Keep your each card utilisation below 30%
Supermoney 2700 and apay separately.

Got it, thanks! 👍

 

[CarbonLogic]

Utilisation checked individually as well as overall.
So you have to stay under 30% in both the cards individually for a good cibil score , which will automatically keep the overall utilisation under check.

Though once in a while if you need for genuine reason there's no problem in utilising more, it'll just make your cibil score slightly lower. But if you make on time payments it'll go up next cycle.

Thanks for the info!

 

[Avinash.Mishra]

Hey Folks

Since 6 months I have had the Utkarsh Bank x Supermoney FD backed card. Made an FD for 10k, got credit limit of 9k (90%) and I have been keeping my credit utilization under 30% which is under 2700 INR

Now with Gods grace I managed to get ICICI Apay CC with a credit limit of 50k. As I understand credit utilization takes into account my total credit limit across all credit lines, do correct me if I am wrong. So applying that logic my total credit limit is now 50k+9k = 59k and keeping my utilization under 30% would mean keeping expense under 17700 INR.

Supercard billing date is 1st of every month
ICICI Apay card billing is 12th of every month, I wanted to change this to 1st of every month, however upon checking in the iMobile app, the closest date it is giving me is 2nd of September. Is it possible to get 1st of a month if I wait for a while?

Heres my query:
So now when Supercard reports to say CIBIL after I pay the due bill on 1st, how is the utilization calculated here? Assume I have spent just 1000 INR on both Supercard and Apay ICICI.

1. Is the utilization taken individually per credit account? In this case I would have to stay under 30% for the respective credit limits supercard and apay card
2. Or is the utilization taken in combination? In this case it wouldnt matter if I used up the entire 9k of Supercard and stayed under 17700 total when using Apay card

Thanks!

Utilisation is considered individually for banks high utilisation and timely payment is good as it will help in credit limit increase and upgrades but for cibil low utilisation is good