Search results for query: over leverage

i have lot of credit cards, that might be over leveraged?

Sbi Cashback card used to get approved easily in 2022 &2023 after its launch. Nw it has become quite difficult to get this card. They reject due to over leverage, internal policy blah , blah blah...

If the issue is max limit then they can provide split limit from current card

Same thought 90% of SBI TN applications will get rejected due to Over-leverage. No news as of now. 90% chance SBI will not issue you the 3rd card. Either they will reject or ask you to upgrade one of your existing cards.

In this context @RAMESH BABU N Sir, Now a days we are getting an option called Over Leverage. Usually majority of us are having higher limits on ICICI, HDFC, Axis, Citi (Old), Yesbank, IndusInd. I was referring to that. He must have got SBI on the first lot else Over leverage concept would've...

Am i over leveraged ? i have cc with limits 19 L my annual Income is 6 L ?

Mail id pls

One of my colleague also got the initial limit of 20k and later with the limit enhancement he has 32k. SBI is being consistent in evaluating the customers. :hehe: Another Reason: You are over leveraged per SBI terms

will u explain me what over leverage is? i have total 4 cc.. sbi cb paid..1.2L amazon and coral icici ltf 2.9L yes bank kiwi cc 1.6L in this case over leverage may occur?

I don't know; go ahead so you can remove the doubt. Mine got approved somehow; I was surprised myself. I haven't asked the reason why my SBI cards keep getting instantly rejected with no CIBIL hit, etc. It's probably over leverage too.

I already have SBI CB and need SimplyClick they have rejected it twice(Over leverage). Same Question

I have 25 plus still got hsbc platinum card

you surely are

I too faced rejection because of this over leveraged issue. Now I want to reapply. Will applying from the branch make any difference? OR the method is same for both? If this time they reject,I will make a complaint in the Rbi Ombudsman

I applied , they took the application and asked for my documents again and then rejected , may be over leveraged i guess

Is it over leveraged because of Existing SBI CB CC or existing other bank CC?

No trick for overleverage.

This "over leverage" issue - it means they think your total all other banks' credit cards limit is too much for them to approve it or only their own SBI cards? If they can give me SimplyCLICK and SimplySAVE, and if I close both, can't they give me SBI Cashback?

When I applied for 2nd card live+ I had 19 cards.

I don't have any SBI CC now, only home loan with SBI and saving bank account which I opened for getting Home loan. What is over leverage thing? Is it having multiple credit cards from different banks?