BEST WAY TO USE CREDIT CARD
SAVE & INCREASE CIBIL SCORE
IN THIS BLOG BEST WAY OF USING CC & AVOIDING LOSSES ARE MENTIONED :
BY FOLLOWING THE STEPS YOU CAN REALLY GET BENIFIT FROM CREDIT CARDS and THIS IS THE BEST & MOST EFFECTIVE WAY FOR PROPER USE OF CREDIT CARD.
As using upto 30% of credit limit , tends to increase Cibil score .
So using 30% of credit limit is best practice.
If you're using more than 30% , Then you should pay the some part of money ( make it 30%) before bank sends credit report to credit agencies , then you'll get NO DROP IN CIBIL SCORE.
IN the Image below credit reporting DATE of several banks are mentioned
On these dates, the specific banks submits USER'S Reports of credit to Credit agencies.
The bank which are not in this data they also usually submit the Credit reports of user to the credit agencies after 27th of the each month.
The dates may be 27th, 28th, 29th, or 30 of the month.
So it is better to pay the extra bills before hand the bank submit credit reports to credit agency.
So in this way you can protect your CIBIL score from dropping and you can ustilise your credit card efficiently without any worries and loss.
