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How and when to prepay for over utilisation before bill generation

  • Thread starter Thread starter Bharat
  • Start date Start date
  • Replies Replies 3
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Bharat

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I have made a purchase of 50% of my card limit, but I want to make sure the credit utilisation is under 30%. How and when should I prepay to get the best benefit.

For example
Consider i have only 1 CC with Credit Limit = 1lac (30%=30k), billing cycle is 15th
I made a purchase of 50k on 20th dec.

If i make payment of 21k on 1st to 14th of jan, will it be considered under 30% utilisation or it will be reported to cibil on 31st dec.
 
I have made a purchase of 50% of my card limit, but I want to make sure the credit utilisation is under 30%. How and when should I prepay to get the best benefit.

For example
Consider i have only 1 CC with Credit Limit = 1lac (30%=30k), billing cycle is 15th
I made a purchase of 50k on 20th dec.

If i make payment of 21k on 1st to 14th of jan, will it be considered under 30% utilisation or it will be reported to cibil on 31st dec.
depends on the cibil reporting date.

 
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