Search results for query: over leverage

intially when i applied for SBI card, it was rejected for me with over leverage... i checked , i think this forum or somewhere else and reduced my ICICI card limit from 35 L to 21L and then simply click was approved.

Currently, not issuing the 3rd card due to over-leverage. If you are lucky, you might get the 3rd card. Previously, it was easy.

...rejected. the customer care told me I had too many cards. I closed some and then applied. Got it approved. Only a few banks look for over leverage. SBI is one of them and I found some had same issue with Canara Bank. So having many cards definitely contribute to decision making for certain...

Bhai ab toh decline hoga over leverage. Sbi be like - 😎 jalwa hai hamara card decline karne ke liye limit enhancement dete hai.

u want to cancel cashback for this card. Cashback is faaaaaar better card. dont do that. even if u cancel no guarantee of getting this.

Phonepe, Yono, SBI NetBanking or any other platform se apply karne par reject hi hoga over leverage hone ki wajah se.

...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...

Got the phonepe SBI card visible on my SBI app today so total 3 Card from SBI (Simplysave | Cashback | Phonepe SBI ) now with cumulative CL is about 5.12 lakh and total credit card is 10+.

4 bar simply click reject hua hai..including 1 preapproved cc..so yes..ye chacha vidayak wala scene nei hai lol..ki muh se bol denge to approve ho jaenge

i IF i have 7 active cards,can I apply AU cards?

yep. They do.

It's the problem of SBI, not Apollo. Another wild guess - wait for sometime, maybe after 1-2 years, HDFC will launch the same card (reverse of what they did with Tata Neu).

Chill as you got the card no need to worry about over-leverage anymore. Yes, the total limit across all card accounts. Like Axis, they report separately so I have 2.1L but in cibil it will reflect 6.3L(3 Axis cards). ICICI Gemstone Series cards one account and Apay separately. IDFC also...

Many who are applying for this card now are mostly getting declined. Its not because they are over leveraged or not eligible. I think, they ( sbi ) have issued many cards and now are slowing the issuance cos I've seen many getting declined who have a good salary ( upwards of 1.5L ) and great...

I have CELESTA CC. My friend has only two credit cards from HDFC and ICICI. Mas 1% utilization.

I have Cibil 779 and total limit of 9 cards is 13.5 L my annual income is 6 L am I over leverage for sbi card should I apply or not ??

How to apply this SBI infinity cc? Another q, i have 7 cc of ICICI with 7L limit all combined. But in cibil the limit of each cc shows separetly, if i close 4 cc of ICICI, can I reduce my limit by 28L to resolve over-leverage issue?

Has any one been able to figure out the income to credit limit ratio? Like how much it should be, so that we can avoid over leverage issue..mind got rejected on feb 2nd and after that I already closed 8 cc's with 27 lakhs limit. Still 6 left with 25lakhs limit. 1.2/m income

sbi,au etc looks at no of cards. Btw do you had any sbi card at the time of applying cashback card(when it got approved)?

Bro, they are printing a lot of money. The fact that they are the only ones in the industry with a separate credit card department and publicly listed stock says a lot about them. Their revenue doubled in 4years to ₹18,637 crores Though, I hate their over-leveraged logic, even private banks...