Search results for query: over leverage

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

that is correct but in terms of rewards merchant restriction cap restriction salute

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+.

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.

hanks for your response. No, I have not tried that. I have to send message on twitter to upgrade my simplyclick Credit card to Apollo credit card ? On my SBI credit Card profile there is no offer for upgrade. So, I really doubt whether they will proceed or not !

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...

This card will fail miserably in the market - IF SBICards continue it's over-leverage-issue to approve. By now, most of the TARGET GROUP - those who are 50+ - are already having credit cards - multiple of them at that. The target group - those who buy medicines and opt for health tests - are...

The person who processed my loans in icici has been great. First got in touch when he was in yes bank, took over my first loan. Then once he shifted to icici he got me switched over to icici and i also needed a commercial loan which he processed. Got my rates down last year before rbi started...

Kaam fatafat nipta do… jitni jaldi card devalue hoga, utna hi kam dukh hoga card na milne ka — signed, ek pro over-leverage wala 😂

They are rejecting mine saying you already have an sbi card. How many SBI card you hold prior to cb card ?

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?

For over leverage will it count seperate card limit of same bank?

So there is no way to get new sbi credit card if we are over leaveraged?

...banking. Now the question to experts, do I need to call ICICI separately to decrease CL and update the decreased limit in Cibil, Experian OR by default it will be updated in Cibil as I have reduced CL through internet banking? I'm stuck with Over Leverage issue for 3 banks - SBI, AU and Canara

In this scenerio try changing number & apply with the existing PAN card, if it gets approved then change mobile number

.... . 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...

But, why should we wait for 1 year? Hdfc TNI is still available for applying in the hdfc portal, right?

Factos If net return is 8% then i am happy with unlimited 7% from adani one signature

Like others in this form my new credit card application also got declined due to over-leverage issue. I am holding 11 cards, including one from SBI & Total Credit limit is more than my total CTC. Without closing & reducing the credit limit. I got a TATA NEU INFINITY Rupay Credit card yesterday...