I have few questions.
How exactly is the credit card utilization calculated?
Suppose, the monthly cycle is 15-July to 15 Aug, last payment comes out to be around 2 Sept. Now if I have a debt of Rs.5000/- in this cycle out of the limit of Rs.30,000/- ( which is paid on the last date) and for the next cycle (15 Aug to 15 Sept) I spent Rs.3000/- on Aug 25. Now the utilization is calculated as 8000/30000 or 5000/30000?
Also, in the CIBIL report, is it mentioned anywhere that what kind of credit has been taken, say, swipe or cash? And what the amount previously paid? It does mention the amount has been paid on time or after how many days but does it mention that a sum of 6000 or 2000 has been paid?