Search results for query: over leverage

My thoughts exect, amex also rejects for same

SBI considers someone over-leveraged when the total credit limit across all the credit cards held by the person significantly exceeds their annual income. They use this ratio (Total Credit Limit / Annual Income) to determine the risk involved in lending a credit card to the person. The higher...

What is considered over leverage? If your total CL is half of your ITR, is that okay?

Stuck with MB+ for last 4 yrs😪

I am new to sbi cards. May i know what is the over leverage criteria and how does it affect? What is the limit

They consider Combined Credit limit from all banks as per credit bureau More than 10 lakhs considered as over leverage. Best to have sbi cc in the beginning if ones to hold all other bank cc's

Do you have any loans/paylaters? Other than 19L?

Can someone explain how SBI consider over-leveraging? For instance, I have 3 HDFC credit cards with a limit of ₹1.1L (shared). Since each card is reported separately to the credit bureau, will the total limit be considered as ₹1.1L or ₹3.3L? Similarly, how does this work for ICICI and Axis...

quite possibly yes

meri already overall limit 40L ki hai.. aur nahi badani..over leverage hojayega

Yes Yes my credit card declined reason U 2 But ye income to puchte nahi pan card no par hi declined karte hain inhe kaise pata meri income kitni he or agar meri income increase hoti he to inhe kaise pata chalega .

ofc u r overleveraged

I have salary account with them & net monthly salary of 3 L. I have couple of big FD also with them. ITR 45 L. I have there simplyclick & vistara card. Still I don't get LE due to over leverage 😂

Did u ask for a FLIP/SWAP for your existing CC or you applied for the LIVE+ CC separately? Hope you understood my question?

Y E S

this is the reason You are over leveraged as per SBI

how good is IND money ?

Give your pertinent figures, so that we can analyse it better. Refer to my post # 2.

Most probably it is the over leverage issue. Try to reduce limits on other cards if not needed that much high limit.

Thats for the fat icici credit limit guys not everyone over leveraged