Search results for query: over leverage

Aurum card application rejected due to over leveraged. But RM and his manager trying to get exception approval. Is this possible?? Did anyone got exception approval??

Currently I hold close to 10 cards with ITR of 30L & overall credit limit across all the cards 43L. I don't have any SBI credit card and looking to apply one. CIBIL of 781 & no defaults. So my question is am I over leverage according to SBI?? Shall I apply directly or reduce my exposure?

...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...

Over leveraged 😉

Doesn't matter. You will be over-leveraged across all the networks.

I got rejected for over-leveraged reason for Aurum with cibil 795 and 3+ per month. May be home loan is a problem.

The PSU thinks that I'm an over-leveraged person.😂

can you explain over leverage cut off? why i cant get the new card if i closed it?

Try for SBI. You don't seem to be over leveraged Let Amazon offer you APay, apply thru amazon

Not over leveraged for these banks. But for SBI, yes

i have lot of credit cards, that might be over leveraged?

will u explain me what over leverage is? i have total 4 cc.. sbi cb paid..1.2L amazon and coral icici ltf 2.9L yes bank kiwi cc 1.6L in this case over leverage may occur?

Is it over leveraged because of Existing SBI CB CC or existing other bank CC?

No trick for overleverage.

Do you have an SBI savings account? Some people say, If you have a SBI savings account they ignore this over-leverage thing. Is it true? Any idea?

No it's pointless doing that. I went through all that. Spent a lot of time and effort closing cards and reducing CL but still over leveraged. If at all you have more than even one credit card SBI will consider you over-leveraged.

You can search this forum for "over leveraged". I will refer here one of recent discussion https://www.technofino.in/community/threads/am-i-over-leveraged-for-sbi.27865

I have around 8 cards right now But no loan and good cibil. So how to guess whether it is over leveraged or not?

Don't understand how they fulfill their targets , when they decline application saying "Over-leveraged". SBI cards should change their policy!!

Got the reason they're Saying due over leverage Cashback CC got declined any trick to Approve?