Search results for query: over leverage

Hi Recently my sbi Cashback card application rejected due to over leverage as per customer care. Currently my total limit is 47lakhs with 11 cards(11years credit history )and net of 1.21L/month. So does anyone how much I need to bring down the credit limit. Is bringing down the credit limit is...

how u defeated over leverage?

No one say with 100% certainty brother, SBI has made it hard to do guess work. Majority of the time it's the over-leveraged reason. You can search "over-leveraged" in the forum and find multiple threads, that will surely help you in understanding.

You might be over-leveraged.

Getting U2-APPROVAL OVER LEVERAGED since last 2-3 applications in SBI :( Checked today with PAN Dedupe

What is d Code of over leverage. Most common reason for sbi

I applied for this Apollo card but was declined with same over leveraged reason...any solution to this problem??

May be rejected due to over leverage

Union Divaa and JCB Wellness. There's bigger over leverage issue with UBI, if your total CC limit is more than 75% of your income then you are over leverage.

Aurum card application rejected due to over leveraged. But RM and his manager trying to get exception approval. Is this possible?? Did anyone got exception approval??

My apologies, 😂😂😂 lack of sleep made me quite foolish. By the way, how did you come across this criteria of UB for CC approval??

I have 27 card , mine aprove with the 1.5 lakh limit.

sbi ka over leverage ka dash rona start ho chuka hai mere liye maine aaj octane card apply kiya tha over leverage aaya. toh ye ab under leverage kaise karu ya simply save octane mein upgrade ho sakta hai kya ? or jabki 31 ko maine do card close bhi kiye hai 70k+75k ki limit k

u2 . .

Yeah over leverage!!!!

Currently I hold close to 10 cards with ITR of 30L & overall credit limit across all the cards 43L. I don't have any SBI credit card and looking to apply one. CIBIL of 781 & no defaults. So my question is am I over leverage according to SBI?? Shall I apply directly or reduce my exposure?

Understood, and I can reduce my icici limits to 1.5L as I don't have much use these days, but it can be increased after 6 months when I get sbi, right? And I talked to their pno, they told only over leverage reason.

Then, I’m sure they’ll reject my application again. I had a terrible experience with rejection back in 2023 and in TF community, I made a thread about it. I don’t want to face it again. Thread link - Thread 'Union Bank Credit card Application Experience'...

There is no issue of over-leverage, nor were there too many recent credit inquiries when I last applied. However, the problem might be that I have a Fi account, along with a stock trading account opened through INDmoney. Because of this, I am neither opening an account with Federal Bank, nor are...

I had closed 7 cards limits reduced 22 l to 13 L still Overlevaged ab nahi chahiye bs