Multiple Credit Cards: Boost or Bust for Your CIBIL Score? Experts Weigh In
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News18•18-01-2026, 15:37
Multiple Credit Cards: Boost or Bust for Your CIBIL Score? Experts Weigh In
- •Having multiple credit cards can increase your total credit limit, potentially lowering your credit utilization ratio if spending remains proportional.
- •A lower credit utilization ratio (e.g., 10% for ₹20,000 spent on a ₹2 lakh limit) positively impacts your CIBIL score.
- •Timely payment of all bills is crucial; even one late payment on any card can significantly drop your CIBIL score.
- •Managing multiple due dates can be challenging; setting up auto-payments is recommended to avoid late payments.
- •Long-term responsible use of older cards strengthens credit age, but increased spending with more cards requires careful expense management.
Why It Matters: Multiple credit cards can improve your CIBIL score if managed responsibly with low utilization and timely payments.
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