Hello, I’m kind of new to credit cards. I have an IDFC WOW credit card, which is FD-based (₹25k FD, around 6 months old). My credit score decreased by 4 points, could you tell me the possible reason? My credit utilisation was only 15% and full payment was made way before due date, so I thought it shouldn’t be affected unless it goes above 30%.
I’m planning to get another unsecured credit card, specifically the Flipkart Axis Credit Card. Is it a good idea to apply now? Will this drop in my credit score affect the limit I get?
I’m also planning to purchase a bike, so I’m concerned about the credit limit. Is there any way to estimate the limit I might receive? I'm concerned about the limit, is there any way that w
u/Ezio__07 — 21 days ago