Search results for query: over leverage

That's true. SBI is ready to flip my existing card to these cards, but not octane. very strange policy. I have no payment delay. Have 800+ CIBIL and 1% usage as per CIBIL across all credit cards.

I am surprised that even in this condition SBI Card is a major credit card provider in India

Their system rejected you. Try via branch

Bhai generic reason "Internal policy criteria meet ni kar raha hu me" aisa bol rahe hain ye log.

Might have missed your previous post. Did you complete any KYC?

Add on cards doesn't report in CIBIL bro

...give a FCUK... I am actually kind of okay, as HDFC is reporting 2 times 8L my CL to CIBIL.. If they accepted this Swiggy card it will be 3 times 8L CL ie 24L on HDFC cards alone.. I am already over leveraged.. this will take me to over over leveraged… hence I didn’t follow it up with them…...

Rarely they reject.. probably based on some CIBIL profile factor.. as you said most likely because of highly leveraged..

Upate: Got rejected email from yes bank. Not sure , am assuming may be over leveraged. But anyways not bothered as I wanted to have just for bank offers and LTF and this was 10k fee card so no need to take tension

hi @SSV , is there any way to get sbi bpcl octane card. applied multiple times but was rejected due to over leverage, also tried customer care but no use.

Aurum Application/ Upgrade have a minimum a minimum criteria of 2.5L Credit Limit on SBI Core card or 25L ITR. Coming to over Leverage, SBI considers this very seriously, even though Banks like HDFC, Axis, ICICI have shared limits they report as individual accounts in CIBIL which will have more...

Yep, as @SSV said, income in CIBIL updated doesn't matter. SBI over leveraged is whole different calculation.

@CC-Muncher Without Card only you're Over leverage 😂. As many people reported SBI card has to be taken in the beginning of CC journey to avoid this situation. So we will he helpless on Overleverage because I am also stuck with less limit on my card for the past 2.5 years.

Looks to be some standard term, one of the thousand reasons to reject a loan or CC or such application

Yes over leverage. SBI, AMEX (and ig YES bank too) are known for rejecting cards if found to be overleveraged

Bhaiyo i have 13 credit card in my name. Is there any disadvantage of having too many credit card, which could lead to chances of rejection in home loan / personal loan / auto loan in future due to "Over leveraged". ??

Excellent point on over leverage. Good call anyways you got CL increase. I have already closed Myzone before migration only. Last point not good for health :ROFLMAO:

Over- leveraged is very common reason in SBI

I guess No. my wife has SBI wealth account and she’s being denied basic SBI credit card. Typical SBI lunch break rules.