Updated Jan 03, 2021 | 13:11 IST
In case a borrower is holding multiple cards then supposing a borrower has 5 different cards but the utilisation is 10 per cent for each card, they are good. Holding multiple credit cards? Know if it affects your CIBIL score | Photo Credit: BCCL
New Delhi: Keeping multiple credit cards has become quite common in urban areas especially upper-middle-class and upper-class population. Borrowers may often wonder if holding multiple credit cards can impact their CIBIL or credit score negatively. As per experts, having multiple cards may not affect the CIBIL. However, the lack of disciple in repayment, over utilising the credit limit and making multiple enquiries may impact it.