Search results for query: over leverage

Add on cards doesn't report in CIBIL bro

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

Yes U are

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.

If your total limit is anything more then 3 times your Annual gross income(ITR), that'd be considered overleveraged by sbi, but this isn't a hard and fast rule, this is just what picked up from other TFCians

Sorry, no idea about LLP. Also, your age with respect to credit leverage may be another factor. Even if you don't get sbi CB Card, try to get another low price sbi card and try to make it LTF.

What are the chances of A-Pay ??? I am a prime member since last 3 years. Also doing all of my online spends through Amazon GV. So lot's and lot's of transactions in last 6 months through Amazon. Also rapport with ICICI not that bad

Your only option is getting a pre approved offer if SS / SC / bpcl thru split based CL in future

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

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:

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". ??

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

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

Over- leveraged is very common reason in SBI

Wait till tomorrow then you may apply