Multiple Credit Cards? Your CIBIL Score Depends on This Key Ratio!

• Having multiple credit cards can increase your total credit limit, which is beneficial for your CIBIL score.
• The 'credit utilization ratio' is crucial: keeping it below 30% is ideal for CIBIL score improvement.
• A low utilization ratio signals financial discipline to banks and credit bureaus, even with high credit availability.
• Using multiple cards responsibly, without maxing them out or missing payments, can boost your CIBIL score.
• Disadvantages arise if you overspend, miss payments, or frequently apply for new cards, leading to hard inquiries.

Why It Matters: Manage multiple credit cards wisely by maintaining a low credit utilization ratio to boost your CIBIL score.