Search results for query: over leverage

...card and it was denied with internal policy decision as response. I went to the bank and found out that the reason specified was “over leveraged”. I have no outstanding loans. I never missed a single payment and have over 800 CIBIL score. In fact I closed SBI Simply click card in 2018. I...

It is most over hyped card like infinia...i agree that with swiggy hdfc and apay, sbi cashback card is not required at all

There is harm in keeping if not required like SBI over leveraged issue, AU bank more than 7 active card issue.

I think both. Because in the cibil report there is no mention about shared limit so it's considered as full limit.

Still rejected saying over leverage issue. I guess they copy paste the same template everywhere. Again sent request to issue a new card splitting my existing credit card limit. Let's see what happens. But i guess that also won't work

I think FED also religiously follows over leverage concept.. make sure you are not over leveraged and not many recent enquiries

Solution: Never apply for it again… . . . . Please have a look at the many other alternatives that were being discussed in this thread

Arey bhaiyaji, based on the mitc, it is clear 3% cb won't be easy. For 1% or less rewards, do you think, anybody want the cibil hit and also over leverage issue which screws the chances of sbi phonepe or supermoney axis ??

Make FD and contact any offline agent saying what cards can he apply against FD he will show you list of cards he can provide against FD. Tell him that you are over leveraged and only secured card is possible for me and ask for your favorable CC.

I know this fact and that's why I shared the overall CL in the question. As of now, I have never faced the over leveraged issue and I already have SBI Cashback card.

Oh may be over leverage issue in simpler terms.

Take this one if you can get, others are easy to get as pre approved.

Correct. Then it will become over-over leveraged... I too kept my apay CL at 7L where as my Sapphiro got 15L..

But sm ppl on this community have been able to get approved despite of over leveraged. You can try.

OK bro. Agree with you.

...Gold, Platinum, Titanium, Employee, SimplyClick, SimplySave, Elite.... Now, only SBI CashBack. And, about 15+ CCs from others. Now, SBI doesn't give even co-branded cards to me - like Apollo or PhonePe. Over Leverage will not get you SBI CCs. Going to RBI is a waste of time n effort.

HDFC ne direct apply option diya hi nahi hai. SBI direct apply option hamesha deta hai. Isi wajah se race me aage nikal gya wo. But over-leverage issue ki wajah se wo race me piche hi rahega. 🤣🤣

You mean if the overall CL is much higher compared to my salary, I might not get new credit cards, right?

.... . All I am trying to say : ” don’t overly depend on EPM.. things can change in a single day.. you advised him to close 5 different card just based on one single card ie EPM.. that too all are LTF and he didn’t mention anything about over leverage situation… this I think is a bit aggressive...

I got good limit this time for sbi and it was >3L