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SBI Card PhonePe SBI Card – CVP new SBI CC launching

My application was rejected because of being over-leveraged. Nodal officer emailed me about it. Should I ask them to issue a new card and split my existing card limit? Will they do it?
Or are there any other ways you guys know that will work for solving the over-leveraged issue?
 
Does sbi provide 4th credit card by any chance?
Already own Cashback, Click, and Save (LTF). Both Click and Save are only usable for Sale discounts. Do I need to close one of them for Phonepe SBI credit card?
Update:
Got Cashback card converted to LTF when asked to close Simply click along with reversal of last year annual fees on Simply click. Should I now close Simply save to get Phonepe CC?
 
Update:
Got Cashback card converted to LTF when asked to close Simply click along with reversal of last year annual fees on Simply click. Should I now close Simply save to get Phonepe CC?
Can you share the process of getting cashback card converting to LTF? How old was your card & yearly spends on it?
 
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