Search results for query: over leverage

...for any CC in the last 14/15 months...like proper from the scratch application...(ie. Not the pre approved cards).. So tested my over over leverage situation successfully... need to tidy up my portfolio... recently closed two amex cards PT and Gold.. still more cleanup is there... my...

...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.

Possible… No such leverage issue to me since some housing loan entity input my employer and TEC Correctly captured in cibil page

Most govt banks do check the number of cards on holds and reject if there are too many with the reason 'over leverage'

1st and Golden Rule of Financial World - 'Always Pay on Time'

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 ??

...currently And that is why they are offering me increased credit limit exposure on my existing sbi card Thus, disapproval due to over leveraged should not happen again My question is: Is my understanding of over leveraged correct or am I missing something here and should just take the credit...

Thanks to all for your suggestions. Without closing & reducing the credit limit. I got TATA NEU INFINITY Rupay Credit card yesterday with a separate credit limit of 5L apart from my existing SBI PRIME Card. Initially, my application was rejected due to Over-leverage issue but with the help of a...

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

I know that sbi and sbi cards operate as separate entities but I think they ard still central govt employees, isn't it?

U also had plenty of cards right? Didn't this over leveraged issue happen with you? Or you closed some cards so that over leveraged can be prevented? What are your limits in cashback and phonpe cc?

Have you heard of SBI Cards? Over-leverage ho jaoge Lala

but still approval rate of HDFC Phonepe cards will be higher than SBI (Over-leverage) Cards because they don't have to worry about overleverage issue So they can easily issue n number of co-branded cards with the shared limit if it has been applied from their partner app. I'm pretty SBI will...

saw somewhere that following are causing rejections: 1) Holding Federal bank celesta CC 2) Over leverage 3) Rejected once in the last 3-6 months.

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

There is no issue of over-leverage, nor were there too many recent credit inquiries when I last applied. However, the problem might be that I have a Fi account, along with a stock trading account opened through INDmoney. Because of this, I am neither opening an account with Federal Bank, nor are...

...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...

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.

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)?

Over leverage is altogether different scenario..Not maintaining credit utilization ratio properly ( keeps fluctuating every month) Your profile definds your credit hungry person Debt trap looming around (paying near the due date time - every time) Frequently applying for limit enhancement...