Search results for query: over leverage

That is because u already have maximum limit from sbi cards as of now. Mostly reason will be U2(Over-leveraged). No use visiting the branch. Just drop a mail to sbi cards, ask them for the reason or reconsideration.

...you said in other comment you dont hold any sbi card and your limit is 25L on other. I suspect it will get rejected for the reason of over leverage. I experienced same in my previous attempt. So used strategy. Acquired card which is more valued by sbi(BPCL Octane) then applied for...

Sure, you are correct that it's a tough task, but it should be both ways. We are looking like beggars here. Unnecessary attitude from them

This will be like a religion thing for SBI.. ie Over leverage… If you are really over leveraged then you won’t get any SBi card let alone CB card

SBI treats you over leveraged.. that's y... I have heard ppl having HDFC Infinia facing rejection fr SBI Cashback. Each n every card is unique in its own way😊

Try applying SBI cashback. Use cashkaro or take referral from me 😛

No . . But 8L is plenty and it was doubled because of Tata neu infinity and I am overly overly leveraged.. in a nutshell I don't want any LE from hdfc

all gemstone under 1 account only in cibil. https://www.technofino.in/community/threads/impact-of-holding-multiple-credit-cards-from-one-bank-on-your-cibil-report.3087/

...we don't know anything about whether it improved in your side or not, its just your score 780, holding other cards and asking about over leverage which required your combined credit limit, income etc. Anycase, try offline if you have any chances for better result, if possible...

...shared is "Please note that specific reason for decline of your application is scores, debts and usage of other cards." Does this mean over leverage? My CIBIL is 782. And total utilization is only 5%. I already hold SBI SimplyClick and BPCL. Is this a valid reason? Should I escalate this...

ha bhai meri limit 58 lacs pahuncha rakhi hai, axis bank, icici bank, hdfc bank, sbki double/triple add ho jati hai, jitne cards honge uss bank ke multiplied by shared limit of all those cards. This is wrong way of calculation because one cannot spend more than the shared limit still they are...

Yes faced this problem while trying to get sbi cashback card. They declined application citing over leverage. Have closed 2-3 cards which I am not using.

90% chance you are over leveraged acc to SBI

Even twice can be too much, sbi is very conservative with limits, and very oversensitive to overleverage

Can one be overleveraged even when his total credit limit is less than the annual income??

There are constantly ads of it in the app, does that mean it's being "offered". How to figure that out

Please share email ID of SBI for reconsideration

If you already have a credit score then start with SBI cashback before you get tag of over leveraged. Then apply Yes Kiwi card. For utilities you can get RuPay Platinum debit card from your bank or if not possible then Axis Bank Airtel card if you have airtel sim. If you are in metro city then...

Definitely no expectations from SBI. Because even on new feature they will treat me as Over Leverage for sure. 😂 😂

...miss is this : ITR shows the ANNUAL INCOME.. Divide it by 12 to get MONTHLY INCOME. CC limit indicate the MONTHLY USAGE LIMIT. PER CARD. If you have 6-8 cards, add all the limits to get the MAX MONTHLY USAGE LIMIT. Decide for yourself Whether you are over leveraged or...