CREDIT CARD -> Best way to maintain ANY Credit card for Further EXCITING offers like LE and variant UPGRADE and LOANs
Hello Dimers,
Generally its best to do the following to get more offers
1) Pay before bill generation to make statement generate with Rs. 0
2) Use credit card regulary less than 1% or 5% of utilization by "paying before reporting date" to credit agencies (corrected with thanks to RupaySaver)
3) Use credit card just for offers and nothing else and you will get more offers like loan on credit card and limit increase quickly
4) anything else.... please comment
5) anything else.... please comment
6) .... etc please comment
Do you know anything more other than this to maintain credit cards to get more "CUSTOM offers" for "showing good maintenance and repayment"?
please do comment so we can all keep this up to get better offers from credit card companies:P xD
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1) It does not matter if you make bill zero, transactions are what defines if the card is active or not.
2) This can generally help you get offers with less spending criteria. (noticed this pattern with Amex)
3) Loans on credit card is not an offer I will ever consider, that is a debt. Also using your card less with not help you get LE offers quickly then others (I have been denied LE request in past from Standard Charted and AMEX quoting low utilization of existing limit)
1) for bill zero: but i think it matters to check the repayment capacity and the turn around time for one to able to repay withstanding quickly (i think, since i received more offers the more i prepay to make it 0, i felt this pattern might be only for me because of something else but i felt this)
2) I see interesting many are confirming this good to know:)))
3) btw loan on credit card is technically not offer for consumer side but its offer on the bank side:) so i considered that as offer:) but ya i understand what you mean:) by that debt on debt is not offer:) mhm okie so this third point i mentioned is wrong i guess hmm thanks for correcting:)
Koi itna galat kyse ho sakta hai bhai😝 teeno hi wrong information.
Aisa karenge to bank ko kya fayda hua aise customer se?
RBL ne abhi bahut logo ki limit decrease kardi kyuki wo use hi nahi kar rahe the
Better hai ki 30% ke under use karo...kabhi kabhi 90-100% bhi ho jaye toh bhi problem nahi
SBI, HDFC me mera personal experience hai... mostly toh 30% ke under hi rehta hai....1-2 baar jab 90+ hui hai to uske 1-2 months baad hi LE mila hai...1-2 baar EMI pe phone liya tha toh EMI khatam hote hi LE
Agar bank ko thik thak business milega toh hi dega kuch...wo koi charity karne nahi baithe😆
Accha usage hoga toh hi bank card upgrade, LTF, retention offer ke liye consider karte hai..
Its not worng info:) Let me correct one thing, or elaborate one thing
lower utilization / less utilization dont mean we are only using 1% or 5% of ones credit card
let me clarify
the real usage of low utlization in truth is
use your max limit but prepay 95% or 99% of amount before bill generation and make it 5% or 1% bill to get that lower utilization ON BOOKS but in reality you used the high credit
Please refer "High credit" term in credit report you will understand:)
so let say an example
if you have 1 lakh limit and for 27 days use ENTIRE 1lakh limit and before 30th day pay 95k and make the bill generated for 5% only this way, this wont make banks reduce your credit limit 
AS THIS IS A GOOD PRACTICE DONE BY MANY VETERAN CREDIT CARD USERS:) you can see this done by many in internet:)
just clarifying what i meant as lower utilization / less utilization of 5% and 1% (which is use 100% USAGE but make bill for 5% or 1% as that will be the one that makes the record for cibil and banks need 100% utilization for credit card limit enhancements so win win for BOTH bank and credit score )
I don't think so...let me tell u my story...
My credit history is 9 yrs old...started with axis neo card then i had sbi , pnb, icici, rbL, again axis, hdfc cc's...
In the last 4 yrs i closed 10 credit cards, currently holding 5 credit cards... Each card have limit more than 1.5 lakhs..
icici amazon increased my limit from 1 lakh to 2.5 lakh in just one year...
Just two days back i got axis airtel on using axis kiwi on 6 months usage only...
My credit utilisation is approx 30% and i pay my dues just one week b4 due date , last month i also got loan on credit card offer on icici Amazon card of 2.2 lakh... And i choose a loan of 30K...
and most importantly, my cibil score never went below 780 and my Experian never went below 810...
so i think if u use ur card properly and pay on time, u will get offers accordingly...
Yes for sure, long credit history matters
Hmmm let me tell you one of my experience, I got HDFC credit card on Nov 2023, and after 3 months or so I received 43k loan on credit card at 20.5% APR approx but didnt took it, at this time I was paying bills in 40 days approx and having my utilization around 10% hmm within 10% i think
Then I started to try something new to game the system of CIBIL to start my own experiment, so then on started paying bills before bill generation to make it 0, and in 1 month that loan amount increased to 2 lakh at 15% APR approx
But the thing is my credit limit on HDFC card is 86k only
Btw my whole education loan history is 15+ years in CIBIL but sadly I started using credit card only from Oct 2023, with axis card as my first card in Oct 2023
If prepaying is giving more offers:) then all these bank officials and credit card selling agents are tricking us with 45 days or 50 days trap or convert to EMI trap lol
(so i think if we take this free credit of 45 to 50 days we will forget the cycle to pay, and more chance for us to fall in dept trap thats why they are giving this 45 and 50 days INTENTIONALLY lol and never say to us that prepaying is good for US AS CONSUMERS -> lets break this fact out in open:) hehehehehehe)
because if we prepay things in 27 or 30 days then we get more offers:) even after UTILIZING CREDIT CARD FULL LIMIT TO 100% and pre pay everything:) in 30 days (it wont affect cibil if we pay amount before credit agency reporting date which is different for different credit cards but effectively that is the trick)
just be aware of it:))
this is what i am trying and now getting more offers:)
mhm but i seen many with HDFC cards and yet those many not getting it hmmm also i received this the moment i prepaid and bill generated 0:)
but ya maybe my mirage:) but still i dont see my friends with HDFC cards getting this
1) It does not matter if you make bill zero, transactions are what defines if the card is active or not.
2) This can generally help you get offers with less spending criteria. (noticed this pattern with Amex)
3) Loans on credit card is not an offer I will ever consider, that is a debt. Also using your card less with not help you get LE offers quickly then others (I have been denied LE request in past from Standard Charted and AMEX quoting low utilization of existing limit)