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 Will frequent credit card use affect my DSR?

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post Nov 4 2021, 12:27 PM, updated 5y ago

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From: Cheras
I'm mostly cashless these days so use my credit card for groceries etc, and every month without fail i will pay my statement amount in full.

Will this affect my DSR?
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post Nov 4 2021, 09:04 PM

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got it, so best to pay off total outstanding when applying for loan?
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post Nov 5 2021, 05:27 PM

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QUOTE(mini orchard @ Nov 5 2021, 11:24 AM)
Having few thousands per month outstanding cc is normal unless the balance exceed your monthly income, then it may raise the red flag.

If you are applying the loan with same bank as CC, they can check your past cc records easily.

If is cleared monthly, then is considered expenses and not debt.
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What if i only pay statement amount and not outstanding balance?
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post Nov 5 2021, 06:39 PM

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QUOTE(mini orchard @ Nov 5 2021, 05:45 PM)
Statement and Outstanding Balance is the same meaning.

If you are refering to minimum payment amount, then the balance is considered a debt.
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Due to my CC cycle when i pay off statement balance, still got some outstanding due the next cycle. Which is kind of what got me worried

 

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