Anyone got SBI Cashback Credit Card Over Leverage issue fixed? Let's close cards??

[Sobirvs]

Well I was at SBI branch for my savings account and talked to a guy (actually 2 guys, 2 diff brances) and I got something from his phone, it was from his training manual.



Now I have probably ~25 credit cards(some on shared limit). CIBIL report says I have 21 credit cards. How the hell should we fix overleveraged issue fixed? Has anyone been able to do so? I am not asking someone who got declined because of other reasons(like my mom got declined for cashback coz mobile number match - my number is on her INB). I am saying, has anyone able to fix this? Like may be closed some cards or something? If I am let's say file 7L ITR, my alone ICICI and SBI(simplyclick) card limits will be more than my income (5L+3.95L) Does that mean I should close my all other cards and still there is no guarantee I will get cashback card no? I am sure many here have credit cards 10x above their income and still they are able to get cashback card.

Now what about shared cards? for example I have 7 ICICI cards (rupay/coral/rubyx mc-amex/sapphiro mc-amex/apay) but at CIBIL it shows only 2 cards. Probably coz apay and coral are reported and all rubyx/sapp/rupay all are under coral. Strange I though even apay is under my core icici cards but it's not. I used to have same limit with core icici card and apay 3-4 yrs back and now my apay limit is 5L and core card limit is 4.7L. Anyways, my question is if I keep apay and umm coral and close all others, does that mean it will help? ICICI will still report to CIBIL as 2 cards no? So does that mean I should close cards only who are shows as separate??

Damn Amex also report seperately at CIBIL, even kotak too. Why some banks report cards as one and some don't??

Anyways, if someone was able to fix over leveraged issue and how, let me and all of us know?

 

[Hemang]

did u refresh/update ur cibil? I have paid cibil subscription so it gives me option to refresh, but for non paid customers, u can update/refresh only once a year for free. If u have paid and u refreshed, chk when the data was reported for ur icici card.

ha bhai every month through CRED, paytm i refresh my CIBIL score, it is not getting reflected in any of them.

 

[Sahil_07]

yes, if u reduce your limit from the app, which I did, 47k, it reflects the same limit on CIBIL so goahead,

From app or net banking?

 

[Sobirvs]

From app or net banking?

I don't know if it works via netbanking, i did it via app and it worked.

 

[Sobirvs]

ha bhai every month through CRED, paytm i refresh my CIBIL score, it is not getting reflected in any of them.

do it via cibil directly. I don't have experience via cred/paytm etc.

 

[Sobirvs]

I had reduced but not reflected in cibil. How many months it took? For me it's more than 3 months

hardly 20 days for me.

 

[Sahil_07]

hardly 20 days for me.

then we can increase the limit whenever we want right?

 

[Sobirvs]

then we can increase the limit whenever we want right?

yes, but cibil will change too in future.

 

[Sahil_07]

yes, but cibil will change too in future.

I have brought back my total credit limit below my annual income (in cibil record) after closing 3 hdfc cards,1 axis card,1 idfc card, and decreasing icici limit to 50% . I already hold Sbi Simplisave . Now is there any hope of getting Sbi Cashback?

 

[Sobirvs]

I have brought back my total credit limit below my annual income (in cibil record) after closing 3 hdfc cards,1 axis card,1 idfc card, and decreasing icici limit to 50% . I already hold Sbi Simplisave . Now is there any hope of getting Sbi Cashback?

I hope when u say annual income, u mean the ITR that you file. Without ITR record, it's meaningless. Also you are asking me who have been denied sbi cashback 3 times already coz of overleveraged. Idk about approval but it should def be approved. If it's been more than 3 months (6 months to be safe) of the last decline, try it and see if it works. Also, do you have a diff SBI card already? I have always wondered how SBI knows my income when I have never provided them my ITR as CIBIL never reports it, nevertheless probably they have it as I have a SBI simplyclick under my name so who knows.

I have closed more than 8 cards myself for damn SBI cashback lol, and now I even have infinia (add on under my brother's primary) so sbi cashback card is meaningless for me tbh even though I already have sbi cashback (again add on under my SIL primary) but my OCD will make sure I close even more cards to get cashback card.

 

[Boy 07]

I hope when u say annual income, u mean the ITR that you file. Without ITR record, it's meaningless. Also you are asking me who have been denied sbi cashback 3 times already coz of overleveraged. Idk about approval but it should def be approved. If it's been more than 3 months (6 months to be safe) of the last decline, try it and see if it works. Also, do you have a diff SBI card already? I have always wondered how SBI knows my income when I have never provided them my ITR as CIBIL never reports it, nevertheless probably they have it as I have a SBI simplyclick under my name so who knows.

I have closed more than 8 cards myself for damn SBI cashback lol, and now I even have infinia (add on under my brother's primary) so sbi cashback card is meaningless for me tbh even though I already have sbi cashback (again add on under my SIL primary) but my OCD will make sure I close even more cards to get cashback card.

i aslo closed 8 cards for sbi but still meaningless.will try in june 25 let see

 

[sunit123]

i aslo closed 8 cards for sbi but still meaningless.will try in june 25 let see

Khaya piya kuch nahin...glass toda barah aana

 

[ccninja]

i think i will get rejected because of the multiple cc i have with icici with same shared limit.

 

[Boy 07]

Khaya piya kuch nahin...glass toda barah aana

Ji bhai ab isi vajah se naye card nahi le Raha hu pichle 6 mahine se june me dekhta hu mil gaya theek warna aage collection shuru

 

[Rakshitk99]

I hope when u say annual income, u mean the ITR that you file. Without ITR record, it's meaningless. Also you are asking me who have been denied sbi cashback 3 times already coz of overleveraged. Idk about approval but it should def be approved. If it's been more than 3 months (6 months to be safe) of the last decline, try it and see if it works. Also, do you have a diff SBI card already? I have always wondered how SBI knows my income when I have never provided them my ITR as CIBIL never reports it, nevertheless probably they have it as I have a SBI simplyclick under my name so who knows.

I have closed more than 8 cards myself for damn SBI cashback lol, and now I even have infinia (add on under my brother's primary) so sbi cashback card is meaningless for me tbh even though I already have sbi cashback (again add on under my SIL primary) but my OCD will make sure I close even more cards to get cashback card.

Do let us know if you succeed. I last applied in dec 2024 when it was showing in NetBanking but instant rejection. The overleverage issue which they told me after mailing and escalating to pno. Sbi has one of worst spam system they keep calling for emi conversion as if it's free. Due to blocking of those calls I rejected pno team's call multiple times.

For me My total CC limit is mid 40s. Number and limit wise both it's difficult for me to get it and I'm not closing other cards. I do have a home loan with them which also counts apparently so not sure what would be point. They assured to me apply next time by July and they would manually consider the ITR and process the same. I would give it a last try and see what happens meanwhile I would apply from my mom who probably might not face overleverage issue.

 

[Sobirvs]

Do let us know if you succeed. I last applied in dec 2024 when it was showing in NetBanking but instant rejection. The overleverage issue which they told me after mailing and escalating to pno. Sbi has one of worst spam system they keep calling for emi conversion as if it's free. Due to blocking of those calls I rejected pno team's call multiple times.

For me My total CC limit is mid 40s. Number and limit wise both it's difficult for me to get it and I'm not closing other cards. I do have a home loan with them which also counts apparently so not sure what would be point. They assured to me apply next time by July and they would manually consider the ITR and process the same. I would give it a last try and see what happens meanwhile I would apply from my mom who probably might not face overleverage issue.

I have a tip. DO NOT APPLY YOURSELF till you close the home loan + most of your cc's and you are correct, no point doing that. However I would suggest you this, try mailing customer service head (basically like PNO for SBICards) and try with ITR and ask for reconsideration and if they say No, then threaten them that you'll move your homeloan somewhere else. However you will need to do this with both SBICards and SBI, with BM perhaps. I have never seen a case where SBI has been able to get someone's cashback card approved as cashback card(and only this card) get's approved only and only via online but idk, may be they will reconsider. I have seen SBICards approving without online app(I mean they need declined app ofc), to manually process cashback card. @technfino's owner is a prime example of the same. Banks hate when people move to some other bank with their loan products.

 

[iamdhamo]

Do let us know if you succeed. I last applied in dec 2024 when it was showing in NetBanking but instant rejection. The overleverage issue which they told me after mailing and escalating to pno. Sbi has one of worst spam system they keep calling for emi conversion as if it's free. Due to blocking of those calls I rejected pno team's call multiple times.

For me My total CC limit is mid 40s. Number and limit wise both it's difficult for me to get it and I'm not closing other cards. I do have a home loan with them which also counts apparently so not sure what would be point. They assured to me apply next time by July and they would manually consider the ITR and process the same. I would give it a last try and see what happens meanwhile I would apply from my mom who probably might not face overleverage issue.

You can opt dnd for sbi and after 30 days u won't get calls for emi conversion

Do Not Disturb - We Respect Your Privacy | SBI Card

Do Not Disturb - If you do not wish to be informed about our services and offers through SMS and phone calls, subscribe to the ‘Do Not Disturb’ (DND) service here.

www.sbicard.com

Sbi cards interest income is 44% guess two quarters back so they will call n irritate us. They minimum call twice or upto 4 or 5 times a day and most will be for emi conversion if we had spent big amount

This happened to my wife account and I opted dnd. After 30 days no calls till now.

In my case this never happened, I think they call based on credit limit. My wife has less CL and I have good CL and her utilisation crosses 50% easily cos of less limit and mine does not cross 33%

 

[Rakshitk99]

You can opt dnd for sbi and after 30 days u won't get calls for emi conversion

Do Not Disturb - We Respect Your Privacy | SBI Card

Do Not Disturb - If you do not wish to be informed about our services and offers through SMS and phone calls, subscribe to the ‘Do Not Disturb’ (DND) service here.

www.sbicard.com

Sbi cards interest income is 44% guess two quarters back so they will call n irritate us. They minimum call twice or upto 4 or 5 times a day and most will be for emi conversion if we had spent big amount

This happened to my wife account and I opted dnd. After 30 days no calls till now.

In my case this never happened, I think they call based on credit limit. My wife has less CL and I have good CL and her utilisation crosses 50% easily cos of less limit and mine does not cross 33%

It's not the limit they called for 10k electronic purchase from flipkart last sale. Iwould raise the dnd on sbi cards normal Truecaller block doesn't work. They just want people to convert to emi for any amount over 2500.

 

[iamdhamo]

It's not the limit they called for 10k electronic purchase from flipkart last sale. Iwould raise the dnd on sbi cards normal Truecaller block doesn't work. They just want people to convert to emi for any amount over 2500.

I regularly bought for more than 10k n so far I have not received any call n also I did not opt for dnd too with sbi card in my acc